a) 238,000 b) 305,000 c) 536,000 d) 646,000

Roberto Designers was organized on January 1, 2021. The firm was authorized to issue 110,000 shares of $5 par value common stock. During 2021, Roberto had the following transactions relating to stockholders' equity. Issued 11,000 shares of common stock at $7 per share. Issued 22,000 shares of common stock at $8 per share. Reported a net income of $110,000. Paid dividends of $55,000 Purchased 2,500 shares of treasury stock at $10 (part of the 22,000 shares issued at $8). What is total stockholders' equity at the end of 2021? The board of directors of Capstone Inc. declared a $0.70 per share cash dividend on its $1 par common stock. On the date of declaration, there were 40,000 shares authorized, 18,000 shares issued, and 6,000 shares held as treasury stock. What is the entry when the dividends are declared? B. Dividends Dividends Payable Dividends Cash Dividends Dividends Payable Dividends Cash 8,400 8,400 8,400 8,400 28,000 28,000 12,600 12,600 D