Clothing Emporium was organized on January 1, 2021. The firm was authorized to issue 180,000 shares of $6 par value common stock. During 2021, Clothing Emporium had the following transactions relating to stockholders' equity: Issued 54,000 shares of common stock at $8 per share. Issued 36,000 shares of common stock at $9 per share. Reported a net income of $180,000. Paid dividends of $90,000.   What is total paid-in capital at the end of 2021?

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Stockholder's Equity

The stockholders’ equity (often referred to as the book value of the company) is the number of assets available to the stockholder after its entire liabilities is paid off. The stockholders’ equity is also sometimes referred to as owner's equity. The stockholders’ equity or book value generally includes common stock, treasury stock retained earnings. It is an indicator of a company's financial strength and is an important item on the company's balance sheet.