Kinkaid Co. was incorporated at the beginning of this year and had a number of transactions. The following journal entries impacted its stockholders equity during its first year of operations.

	General Journal	Debit	Credit
a.	Cash	260,000
	Common Stock, $25 Par Value		230,000
	Paid-In Capital in Excess of Par Value, Common Stock		30,000
b.	Organization Expenses	180,000
	Common Stock, $25 Par Value		129,000
	Paid-In Capital in Excess of Par Value, Common Stock		51,000
c.	Cash	44,000
	Accounts Receivable	19,500
	Building	81,800
	Notes Payable		59,700
	Common Stock, $25 Par Value		55,600
	Paid-In Capital in Excess of Par Value, Common Stock		30,000
d.	Cash	121,000
	Common Stock, $25 Par Value		77,000
	Paid-In Capital in Excess of Par Value, Common Stock		44,000

Required: 1a. How many shares of common stock are outstanding at year-end? 1b. What is the total paid-in capital at year-end? 1c. What is the book value per share of the common stock at year-end if total paid-in capital plus retained earnings equals $795,000?

1a. Number of outstanding shares:

1b. Total paid-in capital:

1c. Need to choose and numerator and a denominator (number of common shares outstanding, retained earnings or stockholders equity applicable to common shares). Then the numerical value below it.

Book Value per Common Share
Choose Numerator:	/	Choose Denominator:	=	Book Value per Common Share
	/		=	Book value per common share
	/		=