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 245,000 Paid-In Capital in Excess of Par Value, Common Stock 55,000 b. Organization Expenses 160,000 Common Stock, $25 Par Value 130,000 Paid-In Capital in Excess of Par Value, Common Stock 30,000 c. Cash 46,000 Accounts Receivable 16,000 Building 82,700 Notes Payable 59,900 Common Stock, $25 Par Value 54,800 Paid-In Capital in Excess of Par Value, Common Stock 30,000 d. Cash 136,000 Common Stock, $25 Par Value 76,000 Paid-In Capital in Excess of Par Value, Common Stock 60,000 Required: 2. How many shares of common stock are outstanding at year-end? What is the amount of minimum legal capital (based on par value) at year-end? What is the book value per share of the common stock at year-end if total paid-in capital plus retained earnings equals $792,000?