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Poodle Corporation was organized on January 3, 2016. The firm was authorized to issue 81,000 shares of $5 par common stock. During 2016, Poodle had
Poodle Corporation was organized on January 3, 2016. The firm was authorized to issue 81,000 shares of $5 par common stock. During 2016, Poodle had the following transactions relating to shareholders' equity: Issued 28,000 shares of common stock at $5.10 per share. Issued 14,000 shares of common stock at $8.40 per share. Reported a net income of $106,000. Paid dividends of $45,000. What is total Paid-in capital at the end of 2016?
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