Roberto Corporation was organized on January 1, 2021. The firm was authorized to issue 91,000 shares of $5 par common stock. During 2021, Roberto had the following transactions relating to shareholders' equity: Issued 9,700 shares of common stock at $6.70 per share. Issued 20,100 shares of common stock at $9.90 per share. Reported a net income of $109,000. Paid dividends of $53,000. Purchased 2,800 shares of treasury stock at $11.90 (part of the 20,100 shares issued at $9.90). What is total shareholders' equity at the end of 2021?

Multiple Choice

• $339,660.

• $306,340.

• $286,660.

• $287,860.