13-1A (Algo) Stockholders' equity transactions and analysis LO P1 Kinkaid Company was incorporated at the beginning of this year and had a number of transactions. The following journal entries impacted its stockholders' equity during its first year of operations. Transaction General Journal Debit Credit Cash 270,000 Common Stock, $25 Par Value 245,000 Paid-In Capital in Excess of Par Value, Common Stock Organization Expenses 25,000 180,000 Common Stock, $25 Par Value 125,000 Paid-In Capital in Excess of Par Value, Common Stock 55,000 Cash 45,500 Accounts Receivable. 16,000 Building 82,400 Notes Payable 59,900 Common Stock, $25 Par Value 54,000 Paid-In Capital in Excess of Par Value, Common Stock 30,000 Cash 124,000 Common Stock, $25 Par Value 78,000 Paid-In Capital in Excess of Par Value, Common Stock 46,000 Required: 2. How many shares of common stock are outstanding at year-end? 3. What is the total paid-in capital at year-end? Answer is complete but not entirely correct. 2. Number of outstanding shares 24,780 x 3. Total paid-in capital S 775,500X