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

DebitCredit

a.Cash280,000

Common Stock, $25 Par Value240,000

Paid-In Capital in Excess of Par Value, Common Stock40,000

b.Organization Expenses190,000

Common Stock, $25 Par Value127,000

Paid-In Capital in Excess of Par Value, Common Stock63,000

c.Cash 45,500

Accounts Receivable 16,000

Building 82,700

Notes Payable59,600

Common Stock, $25 Par Value54,600

Paid-In Capital in Excess of Par Value, Common Stock30,000

d.Cash138,000

Common Stock, $25 Par Value77,000Paid-In

Capital in Excess of Par Value, Common Stock61,000

Required:

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 earnings equals $785,000

Hello i am completely stuck on number 4 could you please help me figure it out? i tried multiple possibilities of the answer but cannot find the total paid-in capital at year end.