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Al-Khor Corporation was organized on January 1, 2019. The firm was authorized to issue 100,000 shares of $5 par ordinary shares. During 2019, Al- Khor

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Al-Khor Corporation was organized on January 1, 2019. The firm was authorized to issue 100,000 shares of $5 par ordinary shares. During 2019, Al- Khor had the following transactions relating to shareholders' equity: Issued 10,000 ordinary shares at $7 per share. Issued 20,000 ordinary shares at $8 per share. Reported a net income of $100,000 Paid dividends of $50,000 Purchased 3,000 treasury shares at $10. What is total shareholders' equity at the end of 2019? A $200,000 B. $300,000 $270.000 D. $250,000

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