Captain Morgan Corporation was organized on January 1, 201 7 . During 201 7 , Captain had the following transactions relating to shareholders' equity: (1) i ssued 10,000 shares of common stock at $7 per share ; (2) i ssued 20,000 shares of common stock at $8 per share ; (3) r eported net income of $100,000 for 201 7 ; (4) p aid dividends of $50,00 0 ; (5) p urchased 3,000 shares of treasury stock at $10 per share. T otal shareholders' equity at the end of 201 7 is: