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Roberto Designers was organized on January 1, 2021. The firm was authorized to issue 140,000 shares of $5 par value common stock. During 2021, Roberto

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Roberto Designers was organized on January 1, 2021. The firm was authorized to issue 140,000 shares of $5 par value common stock. During 2021, Roberto had the following transactions relating to stockholders' equity: Issued 14,000 shares of common stock at $7 per share. Issued 28,000 shares of common stock at $8 per share. Reported a net income of $140,000 Paid dividends of $70,000. Purchased 2,000 shares of treasury stock at $10 (part of the 28,000 shares issued at $8). What is total stockholders' equity at the end of 20217 Multiple Choice $400,000 $834.000 What is total stockholders' equity at the end of 2021? Multiple Choice $400,000 $834,000 $694,000 $372.000

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