Assume That Shack Company's Paid-In Capital at the Beginning of the Period

Multiple Choice

Assume that Shack Company's paid-in capital at the beginning of the period was $475,000.Shack Company's total revenues and total expenses were $870,000 and $550,000, respectively.A dividend of $70,000 was declared and paid to shareholders.Shack Company's ending paid-in capital is_____.

A) $475,000
B) $825,000
C) $250,000
D) $320,000