What is total shareholders equity at the end

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Roberto Corporation was organized on January 1, 2016. The firm was authorized to issue 89,000 shares of $5 par common stock. During 2016, Roberto had the following transactions relating to shareholders' equity:

Issued 9,900 shares of common stock at $5.40 per share.

Issued 19,400 shares of common stock at $8.60 per share.

Reported a net income of $97,000.

Paid dividends of $50,000.

Purchased 3,100 shares of treasury stock at $10.60 (part of the 19,400 shares issued at $8.60).

What is total shareholders' equity at the end of 2016?

Reference no: EM131257657

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