A company issued 150 shares of $ 100 par value stock for $ 34,000 cash. The total amount of paid-in capital in excess of par is:

$100

$ 1,500

$ 19,000

$ 15,000

$ 34,000

A company has net income of $ 1,150,000. It also has 155,000 weighted-average common shares outstanding and a market value per share of $ 145. The company's price-earnings ratio is equal to:

19.5

13.5

116.0

9.75

7.42