Roberto Designers was organized on January 1, 2021. The firm was authorized to issue 170,000 shares of $5 par value common stock. During 2021, Roberto had the following transactions relating to stockholders' equity: Issued 17,000 shares of common stock at $7 per share. Issued 34,000 shares of common stock at $8 per share. Reported a net income of $170,000. Paid dividends of $85,000. Purchased 4,000 shares of treasury stock at $10 (part of the 34,000 shares issued at $8). What is total stockholders' equity at the end of 2021?

Multiple Choice

• $997,000.

• $470,000.

• $436,000.

• $827,000.