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Kinkaid Company was incorporated at the beginning of this year and had a number of transactions. The following journalentries impacted its stockholders' equity during its

Kinkaid Company was incorporated at the beginning of this year and had a number of transactions. The following journalentries impacted its stockholders' equity during its first year of operations.Transactiona .General Journalb.d.CashCommon Stock, $25 Par ValuePaid-In Capital in Excess of Par Value, Common StockOrganization ExpensesCommon Stock, $25 Par ValueCashAccounts ReceivableBuildingNotes PayableCommon Stock, $25 Par ValuePaid-In Capital in Excess of Par Value, Common StockCommon Stock, $25 Par ValuePaid-In Capital in Excess of Par Value, Common StockDebit260,000150,00044,50016,50082,800148,000Credit230,00030,000130,00020,00060,00053,80030,00076,00072,000Required:2. How many shares of common stock are outstanding at year end?3. What is the total paid-in capital at year-end?

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