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Clothing Emporium was organized on January 1, 2021. The firm was authorized to issue 150,000 shares of $6 par value common stock. During 2021,
Clothing Emporium was organized on January 1, 2021. The firm was authorized to issue 150,000 shares of $6 par value common stock. During 2021, Clothing Emporium had the following transactions relating to stockholders' equity. Issued 45,000 shares of common stock at $8 per share. Issued 30,000 shares of common stock at $9 per share. Reported a net income of $150,000. Paid dividends of $75,000. What is total paid-in capital at the end of 2021? Multiple Choice $555,000. $630,000 $705,000.
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