Roberto Corporation was organized on January 1, 2016. The firm was authorized to issue 95,000 shares of $5 par common stock. During 2016, Roberto had the following transactions relating to shareholders' equity: Issued 9,200 shares of common stock at $6.00 per share. Issued 20,900 shares of common stock at $8.70 per share. Reported a net income of $103,000. Paid dividends of $41,000. Purchased 2,300 shares of treasury stock at $10.70 (part of the 20,900 shares issued at $8.70). What is total shareholders' equity at the end of 2016? $277,220. $274,420. $290,810. $315,420.