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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:
- Issued 39,000 shares of common stock at $11 per share
- Issued 26,000 shares of common stock at $12 per share
- Reported a net income of $130,000
- 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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