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6. Robby Corporation was organized on January 1, 2021. The firm was authorized to issue 100,000 shares of $5 par common stock. During 2021, Robby

6. Robby Corporation was organized on January 1, 2021. The firm was authorized to issue 100,000 shares of $5 par common stock. During 2021, Robby had the following transactions relating to shareholders' equity:

Issued 10,000 shares of common stock at $9 per share.

Issued 20,000 shares of common stock at $8 per share.

Reported a net income of $100,000.

Paid dividends of $50,000.

Purchased 3,000 shares of treasury stock at $10

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

A) $270,000.

B) $300,000.

C) $250,000.

D) $200,000.

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