Roberto Corporation was organized on January 1, 2021. The firm was authorized to issue 88,000 shares of $5 par common stock. During 2021, Roberto had the following transactions relating to shareholders' equity: Issued 10,400 shares of common stock at $5.80 per share. Issued 19,600 shares of common stock at $9.30 per share. Reported a net income of $106,000. Paid dividends of $53,000. Purchased 2,600 shares of treasury stock at $11.30 (part of the 19,600 shares issued at $9.30). What is total shareholders' equity at the end of 2021?

Multiple Choice

• $289,840.

• $319,220.

• $266,220.

• $268,420.