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Roberto Designers was organized on January 1, 2021. The firm was authorized to issue 190,000 shares of $6 par value common stock. During 2021,
Roberto Designers was organized on January 1, 2021. The firm was authorized to issue 190,000 shares of $6 par value common stock. During 2021, 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 3,000 shares of treasury stock at $11 (part of the 38,000 shares issued at $9). What is total stockholders' equity at the end of 2021? Multiple Choice $1,050,000. $556,000. $594,000. $1,240,000.
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