Question 23 3 pt Puig Corporation was organized on January 3, 20x5. The firm was authorized to issue 100,000 shares of $5 par common stock. During 20x5, Puig had the following transactions relating to 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 2,000 shares (part of the 20,000 shares issued at $8) of treasury stock at $10. Assume cost method is used. Resold 1,000 shares at $20 per share. What is total shareholders' equity at the end of 20x5? Please show your work so I can give partial credit. BIUAAIEX EE ITT 12pt O Paragraph I HTML Editor O words