Roberto Corporation was organized on January 1, 2021. The firm was authorized to issue 89,000 shares of $5 par common stock. During 2021, Roberto had the following transactions relating to shareholders' equity: Issued 10,100 shares of common stock at $6.70 per share. Issued 20,400 shares of common stock at $9.40 per share. Reported a net income of $97,000. Paid dividends of $43,000. Purchased 3,200 shares of treasury stock at $11.40 (part of the 20,400 shares issued at $9.40). What is total shareholders' equity at the end of 2021?

Multiple Choice

$319,950.

$276,950.

$283,470.

$279,550.