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Roberto Corporation was organized on January 1, 2024. The firm was authorized to issue 99,000 shares of $5 par common stock. During 2024, Roberto had
Roberto Corporation was organized on January 1, 2024. The firm was authorized to issue 99,000 shares of $5 par common stock. During 2024, Roberto had the following transactions relating to shareholders' equity:
Issued 9,400 shares of common stock at $5.30 per share.
Issued 20,400 shares of common stock at $10.10 per share.
Reported a net income of $103,000.
Paid dividends of $53,000.
Purchased 2,500 shares of treasury stock at $12.10 (part of the 20,400 shares issued at $10.10).
What is total shareholders' equity at the end of 2024?
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