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What is total shareholders equity

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Question - Roberto Designers was organized on January 1, 2015. The firm was authorized to issue 190,000 shares of $6 par value common stock. During 2015, Roberto had the following transactions relating to stockholders' equity:

Issued 19,000 shares of common stock at $8 per share.

Issued 38,000 shares of common stock at $9 per share.

Reported a net income of $190,000.

Paid dividends of $95,000.

Purchased 4,000 shares of treasury stock at $11 (part of the 38,000 shares issued at $9).

What is total shareholders' equity at the end of 2015?

$494,000

$583,000

$545,000

$684,000

Reference no: EM132089154

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