Determine the total paid-in capital at the end, Business Management

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Determine the total paid-in capital at the end

Poodle Corporation was organized on January 3, 2009. The firm was authorized to issue 100,000 shares of $5 par common stock. During 2009, Poodle 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 2009?

$420,000.
$370,000.
$470,000.
$320,000.

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Business Management: Determine the total paid-in capital at the end

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