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 235,000 Paid-In Capital in Excess of Par Value, Common Stock 55,000b.Organization Expenses180,000 Common Stock, $25 Par Value 128,000 Paid-In Capital in Excess of Par Value, Common Stock 52,000c.Cash46,000 Accounts Receivable15,500 Building83,000 Notes Payable 59,900 Common Stock, $25 Par Value 54,600 Paid-In Capital in Excess of Par Value, Common Stock 30,000d.Cash135,000 Common Stock, $25 Par Value 78,000 Paid-In Capital in Excess of Par Value, Common Stock 57,000

Required:

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