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.Cash270,000 Common Stock, $25 Par Value 235,000 Paid-In Capital in Excess of Par Value, Common Stock 35,000b.Organization Expenses170,000 Common Stock, $25 Par Value 128,000 Paid-In Capital in Excess of Par Value, Common Stock 42,000c.Cash46,000 Accounts Receivable15,500 Building81,600 Notes Payable 59,700 Common Stock, $25 Par Value 53,400 Paid-In Capital in Excess of Par Value, Common Stock 30,000d.Cash125,000 Common Stock, $25 Par Value 77,000 Paid-In Capital in Excess of Par Value, Common Stock 48,000

Required:

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

\begin{tabular}{|l|l|} \hline 2. Number of outstanding shares & \\ \hline 3. Total paid-in capital & \\ \hline \end{tabular}