Roberto Corporation was organized on January 1, 2018. The firm was authorized to issue 89,000 shares of $5 par common stock. During 2018, Roberto had the following transactions relating to shareholders' equity: Issued 10,200 shares of common stock at $6.40 per share. Issued 20,800 shares of common stock at $9.80 per share. Reported a net income of $109,000. Paid dividends of $56,000. Purchased 2,700 shares of treasury stock at $11.80 (part of the 20,800 shares issued at $9.80). What is total shareholders' equity at the end of 2018?