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What is total shareholders equity at the end

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Question - Roberto Corporation was organized on January 1, 2021. The firm was authorized to issue 93,000 shares of $5 par common stock. During 2021, Roberto had the following transactions relating to shareholders' equity:

Issued 9,100 shares of common stock at $5.60 per share.

Issued 19,500 shares of common stock at $8.80 per share.

Reported a net Income of $99,000.

Paid dividends of $59,000.

Purchased 2,600 shares of treasury stock at $10.80 (part of the 19,500 shares issued at $8.80).

Required - What is total shareholders' equity at the end of 2021?

Reference no: EM133146978

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