Roberto Designers was organized on January 1, 2024. The firm was authorized to issue 200,000 shares of $7 par value common stock. During 2024, Roberto had the following transactions relating to stockholders' equity: 1. Issued 20,000 shares of common stock at $9 per share. 2. Issued 40,000 shares of common stock at $10 per share. 3. Reported a net income of $200,000. 4. Paid dividends of $100,000. 5. Purchased 5,000 shares of treasury stock at $12 (part of the 40,000 shares issued at $10). What is total stockholders' equity at the end of 2024? Multiple Choice $660,000 $1,400,000 $620,000

Roberto Designers was organized on January 1, 2024. The firm was authorized to issue 200,000 shares of $7 par value common stock. During 2024, Roberto had the following transactions relating to stockholders' equity: 1. Issued 20,000 shares of common stock at $9 per share. 2. Issued 40,000 shares of common stock at $10 per share. 3. Reported a net income of $200,000. 4. Paid dividends of $100,000. 5. Purchased 5,000 shares of treasury stock at $12 (part of the 40,000 shares issued at $10 ). What is total stockholders' equity at the end of 2024? Multiple Choice $660.000 $1,400,000 $620.000