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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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