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Poodle Corporation was organized on January 3, 2018. The firm was authorized to issue 93,000 shares of $5 par common stock. During 2018, Poodle had
Poodle Corporation was organized on January 3, 2018. The firm was authorized to issue 93,000 shares of $5 par common stock. During 2018, Poodle had the following transactions relating to shareholders' equity: Issued 35,000 shares of common stock at $5.90 per share. Issued 22,000 shares of common stock at $8.20 per share. Reported a net income of $107,000. Paid dividends of $42,000. What is total Paid-in capital at the end of 2018? Multiple Choice $493,900. $390,400
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