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Clothing Emporium was organized on January 1, 2024. The firm was authorized to issue 130,000 shares of $9 par value common stock. During 2024, Clothing

Clothing Emporium was organized on January 1, 2024. The firm was authorized to issue 130,000 shares of $9 par value common stock. During 2024, Clothing Emporium had the following transactions relating to stockholders' equity:

  1. Issued 39,000 shares of common stock at $11 per share
  2. Issued 26,000 shares of common stock at $12 per share
  3. Reported a net income of $130,000
  4. Paid dividends of $65,000

What is total paid-in capital at the end of 2024?

a) $676000

b) $741000

c) 871000

d) 806000

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