Kinkaid Co. is incorporated at the beginning of this year and engages in a number of transactions. The following journal entries impacted its stockholders' equity during its first year of operations. PROBLEM SET A Problem 13-1A Stockholders' equity transactions and analysis C2 P a. Cash 300,000 Common Stock $25 Par Value Paid-In Capital in Excess of 250,000 Par Value. Common Stock . . 50,000 b. Organization Expenses 50,000 l25,000 Paid-In Capital in Excess of Par Value, Common Stock 25,000 c. Accounts Receivable . Building 43,000 15,000 81,500 . . Notes Payable Common Stock, $25 Par Value. Paid-In Capital in Excess of 59,500 50,000 Par Value, Common Stock .. . . 30,000 d. Cash 120,000 75,000 Paid-In Capital in Excess of 45,000 Required 1. Explain the transaction(s) underlying each journal entry (a) through (d) 2. How many shares of common stock are outstanding at year-end? 3. What is the amount of minimum legal capital (based on par value) at year-end? 4. What is the total paid-in capital at year-end? 5. What is the book value per share of the common stock at year-end if total paid-in capital plus retained Check (2) 20,000 shares (3) $500,000 (4) $650,000 earnings equals $695,000