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Roberto Corporation was organized on January 1, 2018. The firm was authorized to issue 100,000 shares...

Roberto Corporation was organized on January 1, 2018. The firm was authorized to issue 100,000 shares of $5 par common stock. During 2018, Roberto had the following transactions relating to shareholders' equity:

Issued 10,000 shares of common stock at $6.70 per share.
Issued 19,300 shares of common stock at $9.40 per share.
Reported a net income of $99,000.
Paid dividends of $50,000.
Purchased 3,200 shares of treasury stock at $11.40 (part of the 19,300 shares issued at $9.40).

What is total shareholders' equity at the end of 2018?

Multiple Choice

  • $274,460.

  • $260,940.

  • $262,140.

  • $310,940.

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