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.

	General Journal	Debit	Credit
a.	Cash	300,000
	Common Stock, $25 Par Value		240,000
	Paid-In Capital in Excess of Par Value, Common Stock		60,000
b.	Organization Expenses	190,000
	Common Stock, $25 Par Value		127,000
	Paid-In Capital in Excess of Par Value, Common Stock		63,000
c.	Cash	43,000
	Accounts Receivable	19,000
	Building	82,300
	Notes Payable		59,900
	Common Stock, $25 Par Value		54,400
	Paid-In Capital in Excess of Par Value, Common Stock		30,000
d.	Cash	131,000
	Common Stock, $25 Par Value		77,000
	Paid-In Capital in Excess of Par Value, Common Stock		54,000

Required: 2. & 3. How many shares of common stock are outstanding at year-end? What is the total paid-in capital at year-end? 4. What is the book value per share of the common stock at year-end if total paid-in capital plus retained earnings equals $791,000?

How many shares of common stock are outstanding at year-end? What is the total paid-in capital at year-end?

2.	Number of outstanding shares
3.	Total paid-in capital