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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 97,000 shares of $5 par common stock. During 2021, Roberto had the following transactions relating to shareholders' equity:

Issued 9,800 shares of common stock at $5.80 per share.

Issued 19,800 shares of common stock at $9.10 per share.

Reported a net income of $98,000.

Paid dividends of $51,000.

Purchased 2,000 shares of treasury stock at $11.10 (part of the 19,800 shares issued at $9.10).

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

Reference no: EM133174512

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