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.