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Poodle Corporation was organized on January 3,2024 . The firm was authorized to issue 100,000 shares of $5 par common stock. During 2024 , Poodle
Poodle Corporation was organized on January 3,2024 . The firm was authorized to issue 100,000 shares of $5 par common stock. During 2024 , Poodle transactions relating to shareholders' equity: Issued 30,000 shares of common stock at $7 per share. Issued 20,000 shares of common stock at $8 per share. Reported net income of $100,000. Paid dividends of $50,000. What is total paid-in capital at the end of 2024 ? Multiple Choice $320,000 $470,000 $420,000 $370,000
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