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	270,000
	Common Stock, $25 Par Value		225,000
	Paid-In Capital in Excess of Par Value, Common Stock		45,000
b.	Organization Expenses	170,000
	Common Stock, $25 Par Value		127,000
	Paid-In Capital in Excess of Par Value, Common Stock		43,000
c.	Cash	45,000
	Accounts Receivable	19,500
	Building	81,600
	Notes Payable		60,000
	Common Stock, $25 Par Value		56,100
	Paid-In Capital in Excess of Par Value, Common Stock		30,000
d.	Cash	130,000
	Common Stock, $25 Par Value		76,000
	Paid-In Capital in Excess of Par Value, Common Stock		54,000

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?