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Poodle Corporation was organized on January 3, 2024. The firm was authorized to issue 80,000...

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Accounting

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

Answer & Explanation Solved by verified expert
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