QUESTION 18 Clothing Emporium was organized on January 1, 2018. The firm was authorized to issue 100,000 shares of $5 par value common stock. During 2018, Clothing Emporium had the following 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 a net income of $100,000. Paid dividends of $50,000. What is total paid-in capital at the end of 2018? $420,000 $370,000 $470,000 $320,000. 10 points Save Answer QUESTION 19 Common stockholders usually have all of the following rights except: To receive dividends when declared. To share in the distribution of assets. To elect board of directors. To participate in the day-to-day operations. 10 points Save