Problem 11-114 Stoclri'io.~'4:i'enrsl equity transactions and analysis LO C2, Pf Kinkaid Co. is incorporated at the beginning of this year and engages in a number of transactions. The following journal entries impacted its stockholders' equity during its rst year of operations. General Joumal Debit Credit 3. Cash 280,000 Common Stock, $25 Par Value 235,000 PaidIn Capital in Excess of Far Value, Common Stock 45,000 b. Organization Expenses 190,000 Common Stock, $25 Par Value 127,000 Paid-In Capital in Excess of Par Value, Common Stock 63,000 c. Cash 43,500 Accounts Receivable 18,500 Building 82,400 Notes Payable 59,800 Common Stock, $25 Per Value 54,600 Paid-In Capital in Excess of Far Value, Common Stock 30,000 d. Cash 121,000 Common Stock, $25 Par Value 80,000 Paid-In Capital in Excess of Par Value, Common Stock 41,000 Required: 2. How many shares of common stock are outstanding at year-end? Number of outstanding shares - 153,354"