J. Vargas Enterprises was organized on January 1, 2015 and was authorized to issue 100,000 shares of $5 par common stock. During 2015, J. Vargas listed the below transactions associated with shareholders' equity: Issued 10,000 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 (part of the 20,000 shares issued at $8). What is total shareholders' equity at the end of 2015?