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 230,000 Paid-In Capital in Excess of Par Value, Common Stock 60,000b.Organization Expenses190,000 Common Stock, $25 Par Value 130,000 Paid-In Capital in Excess of Par Value, Common Stock 60,000c.Cash44,500 Accounts Receivable15,000 Building82,500 Notes Payable 59,600 Common Stock, $25 Par Value 52,400 Paid-In Capital in Excess of Par Value, Common Stock 30,000d.Cash122,000 Common Stock, $25 Par Value 78,000 Paid-In Capital in Excess of Par Value, Common Stock 44,000

Required:

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

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. Required: 2. How many shares of common stock are outstanding at year-end? 3. What is the total paid-in capital at year-end