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Roberto Corporation was organized on January 1, 2021. The firm was authorized to issue 96,000 shares of $5 par common stock. During 2021, Roberto had
Roberto Corporation was organized on January 1, 2021. The firm was authorized to issue 96,000 shares of $5 par common stock. During 2021, Roberto had the following transactions relating to shareholders' equity: Issued 9,100 shares of common stock at $5.80 per share. Issued 20,700 shares of common stock at $9.10 per share. Reported a net income of $102,000. Paid dividends of $42,000. Purchased 2,800 shares of treasury stock at $11.10 (part of the 20,700 shares issued at $9.10). What is total shareholders' equity at the end Multiple Choice $271,670. $280,990. $270,070. $312,070. 2021?
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