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Roberto Corporation was organized on January 1, 2016. The firm was authorized to issue 85,000 shares of $5 par common stock. During 2016, Roberto had
Roberto Corporation was organized on January 1, 2016. The firm was authorized to issue 85,000 shares of $5 par common stock. During 2016, Roberto had the following transactions relating to shareholders' equity: |
Issued 10,100 shares of common stock at $6.70 per share. |
Issued 20,200 shares of common stock at $9.10 per share. |
Reported a net income of $105,000. |
Paid dividends of $47,000. |
Purchased 2,300 shares of treasury stock at $11.10 (part of the 20,200 shares issued at $9.10). |
What is total shareholders' equity at the end of 2016? |
$305,430.
$330,960.
$286,960.
$283,960.
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