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		230,000
	Paid-In Capital in Excess of Par Value, Common Stock		60,000
b.	Organization Expenses	150,000
	Common Stock, $25 Par Value		128,000
	Paid-In Capital in Excess of Par Value, Common Stock		22,000
c.	Cash	44,500
	Accounts Receivable	17,500
	Building	82,100
	Notes Payable		59,600
	Common Stock, $25 Par Value		54,500
	Paid-In Capital in Excess of Par Value, Common Stock		30,000
d.	Cash	123,000
	Common Stock, $25 Par Value		78,000
	Paid-In Capital in Excess of Par Value, Common Stock		45,000

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 $796,000?