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Roberto Corporation was organized on January 1, 2024. The firm was authorized to issue 82,000 shares of $5 par common stock. During 2024, Roberto had
Roberto Corporation was organized on January 1, 2024. The firm was authorized to issue 82,000 shares of $5 par common stock. During 2024, Roberto had the following transactions relating to shareholders' equity:
Issued 10,600 shares of common stock at $6.50 per share.
Issued 20,000 shares of common stock at $8.20 per share.
Reported a net income of $102,000.
Paid dividends of $56,000.
Purchased 2,700 shares of treasury stock at $10.20 (part of the 20,000 shares issued at $8.20).
What is total shareholders' equity at the end of 2024?
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