Reference no: EM133090886
Question - Zakaryan Corporation was organized on January 1, 2020. The corporation's governing documents authorized the issue of 100,000 shares of $1 par common stock. During 2020, Zakaryan had the following transactions relating to stockholders' equity:
Issued 10,000 shares of common stock at $14 per share.
Issued 20,000 shares of common stock at $16 per share.
Reported a net income of $200,000.
Paid dividends of $100,000.
Purchased 3,000 shares of treasury stock at $20 (part of the 20,000 shares issued at $16).
Required - What is total shareholders' equity at the end of 2020?
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