Kinkaid Company 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.

TransactionGeneral JournalDebitCredita.Cash290,000 Common Stock, $25 Par Value 250,000 Paid-In Capital in Excess of Par Value, Common Stock 40,000b.Organization Expenses150,000 Common Stock, $25 Par Value 128,000 Paid-In Capital in Excess of Par Value, Common Stock 22,000c.Cash45,500 Accounts Receivable15,500 Building82,000 Notes Payable 60,000 Common Stock, $25 Par Value 53,000 Paid-In Capital in Excess of Par Value, Common Stock 30,000d.Cash129,000 Common Stock, $25 Par Value 79,000 Paid-In Capital in Excess of Par Value, Common Stock 50,000

Required:

1. How many shares of common stock are outstanding at year-end?
2. What is the total paid-in capital at year-end?