Required information

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equity for $2021?$

Required information (The following information applies to the questions displayed below_j Financial Statements for Royal Corporation S 47,616 Actual Income Statement 202e and Pro Forma 2021 2021 Salance net sales Cost of goods sold Other expenses Depreciation expense EBIT Interest expense Earnings before tax Net income Dividends paid Additional to .etained earnings 2020 40,718 5,171 l,ee s 359 s 269 S 52,378 44,790 5, 688 Cash & securities Accounts receivable Inventories Net fixed assets Total assets Sank loan (short-ternl) Accounts payable Long-tern debt Total liabilities Shareholders' equity Total liabilities & equity Sheet 2020 s 951 5,666 4, 236 14, gel s 392 7 419 2,148 9,959 S 14, gel 2021 s 1,046 6, 233 4, 660 s 431 8,161 Please refer to the pro forme financial statements for Royal Corporation above. If $100 in new equity is planned to be issued in 2021, end there ere no plans to repurchase equity in 2021, what should be the projection for shareholders' equity for 2021?