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. Transaction General Journal a. Cash Debit 310,000 Credit Common Stock, $25 Par Value 250,000 b. Paid-In Capital in Excess of Par Value, Common Stock Organization Expenses 60,000 160,000 Common Stock, $25 Par Value 130,000 Paid-In Capital in Excess of Par Value, Common Stock 30,000 C. Cash 43,500 Accounts Receivable 17,000 Building 82,400 Notes Payable 59,800 Common Stock, $25 Par Value 53,100 Paid-In Capital in Excess of Par Value, Common Stock 30,000 d. Cash 149,000 Common Stock, $25 Par Value 76,000 Paid-In Capital in Excess of Par Value, Common Stock 73,000 Required: 2. How many shares of common stock are outstanding at year-end? 3. What is the total paid-in capital at year-end? Answer is complete but not entirely correct. 2. Number of outstanding shares 20,364 3. Total paid-in capital $ 193,000