Roberto Corporation was organized on January 1, 2018. The firm was authorized to issue 96,000 shares of $5 par common stock. During 2018, Roberto had the following transactions relating to shareholders' equity: Issued 10,500 shares of common stock at $6.80 per share. Issued 19,200 shares of common stock at $9.40 per share. Reported a net income of $99,000. Paid dividends of $53,000. Purchased 3,000 shares of treasury stock at $11.40 (part of the 19,200 shares issued at $9.40). What is total shareholders' equity at the end of 2018?

Multiple Choice

• $282,480.

• $263,680.

• $266,280.

• $316,680.