Poodle Corporation was organized on January 3,2016.The firm was authorized to issue 100,000 shares of $5 par common stock.During 2016,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 2016?

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The Answer of Poodle Corporation was organized on January 3,2016.The firm was authorized to issue 100,000 shares of $5 par common stock.During 2016,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 2016?

Poodle Corporation Was Organized on January 3,2016