Jiffy began their business on January 1, 2021. According to the company charter, the company was authorized to issue 89,000 shares of common stock ($5 par value). During 2021, the following events related to shareholders' equity happened:

-Issued 10,000 shares of common stock at $6.50 per share.

-Issued 20,900 shares of common stock at $8.80 per share.

-Reported a net income of $104,000

-Paid Dividends of $54,000

-Purchased 3,900 shares of treasury stock at$10.80 (part of the 20,900 shares issued at $8.80).

What is Jiffy's total shareholders' equity at the end of 2021?

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