Roberto Corporation was organized on January 1, 2021. The firm was authorized to issue 80,000 shares of $5 par common stock. During 2021, Roberto had the following transactions relating to shareholders' equity:

Issued 9,500 shares of common stock at $5.60 per share.

Issued 19,600 shares of common stock at $9.40 per share.

Reported a net income of $110,000.

Paid dividends of $47,000.

Purchased 3,700 shares of treasury stock at $11.40 (part of the 19,600 shares issued at $9.40).

What is total shareholders' equity at the end of 2021?

$258,260.

$260,060.

$305,260.

$263,080.