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 290,000 Common Stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock 235,000 55,000 b. Organization Expenses 190,000 Common Stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock 127,000 63,000 c. Cash Accounts Receivable Building 43,500 19,500 81,900 Notes Payable Common Stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock 59,700 55,200 30,000 d. Cash 120,000 Common Stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock 75,000 45,000 Required 2. How many shares of common stock are outstanding at year-end? of outstanding shares 3. What is the amount of minimum legal capital (based on par value) at year-end? Minimum legal capital