(Answered) Clothing emporium was organized on january 3 2015 the firm

Accounting

Clothing Emporium was organized on January 3, 2015. The firm was authorized to issue 150,000 shares of $6 par common stock. During 2015, Clothing Emporium had the following transactions relating to shareholders' equity:

Issued 45,000 shares of common stock at $8 per share.

Issued 30,000 shares of common stock at $9 per share.

Reported a net income of $150,000.

Paid dividends of $75,000.

What is total paid-in capital at the end of 2015?

$555,000

$780,000

$630,000

$705,000

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