Roberto Corporation was organized on January 1, 2021. The firm was authorized to issue 82,000 shares of $5 par common stock. During 2021, Roberto had the following transactions relating to shareholders' equity: Issued 10,600 shares of common stock at $6.50 per share. Issued 20,300 shares of common stock at $9.10 per share. Reported a net income of $97,000. Paid dividends of $50,000. Purchased 2,400 shares of treasury stock at $11.10 (part of the 20,300 shares issued at $9.10). What is total shareholders' equity at the end of 2021?

Multiple Choice

a. $275,390.

b. $297,350.

c. $323,990.

d. $273,990.