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Roberto Designers was organized on January 1, 2015. The firm was authorized to issue 190,000 shares of $6 par value common stock. During 2015, Roberto
Roberto Designers was organized on January 1, 2015. The firm was authorized to issue 190,000 shares of $6 par value common stock. During 2015, Roberto had the following transactions relating to stockholders' equity: |
Issued 19,000 shares of common stock at $8 per share. |
Issued 38,000 shares of common stock at $9 per share. |
Reported a net income of $190,000. |
Paid dividends of $95,000. |
Purchased 4,000 shares of treasury stock at $11 (part of the 38,000 shares issued at $9). |
What is total shareholders' equity at the end of 2015?
$494,000$583,000$545,000$684,000
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