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Roberto Designers was organized on January 1, 2024. The firm was authorized to issue 160,000 shares of $4 par value common stock. During 2024,
Roberto Designers was organized on January 1, 2024. The firm was authorized to issue 160,000 shares of $4 par value common stock. During 2024, Roberto had the following transactions relating to stockholders' equity: 1. Issued 16,000 shares of common stock at $6 per share. 2. Issued 32,000 shares of common stock at $7 per share.. 3. Reported a net income of $160,000. 4. Paid dividends of $80,000. 5. Purchased 3,500 shares of treasury stock at $9 (part of the 32,000 shares issued at $7). What is total stockholders' equity at the end of 2024? Multiple Choice $400,500 $688,500 $848,500
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