Earl Corporation was organized on January $1,2020.$ The firm was authorized to issue $150,000$ shares of $$1$ par common stock. During $2020,$ Earl had the following transactions relating to shareholders' equity:

Issued $100,000$ shares of common stock at $$7$ 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 was total shareholders' equity at the end of $2020$

$$250,000$

$$200,000$

$$280,000.$

$$310,000$