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Poodle Corporation was organized on January 3, 2024. The firm was authorized to issue 80,000 shares of $5 par common stock. During 2024, Poodle had
Poodle Corporation was organized on January 3, 2024. The firm was authorized to issue 80,000 shares of $5 par common stock. During 2024, Poodle had the following transactions relating to shareholders' equity:
Issued 21,000 shares of common stock at $5.80 per share.
Issued 11,000 shares of common stock at $9.90 per share.
Reported net income of $105,000.
Paid dividends of $48,000.
What is total paid-in capital at the end of 2024?
Multiple Choice
$231,700
$230,700
$182,700
$335,700
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