Roberto Designers was organized on January 1, 2024. The firm was authorized to issue 120,000 shares of $5 par value common stock. Du had the following transactions relating to stockholders' equity: 1. Issued 12,000 shares of common stock at $7 per share. 2. Issued 24,000 shares of common stock at $8 per share. 3. Reported a net income of $120,000. 4. Paid dividends of $60,000. 5. Purchased 3,500 shares of treasury stock at $10 (part of the 24,000 shares issued at $8). What is total stockholders' equity at the end of 2024? Multiple Choice O $697,000 O $325,000 O $577,000

Roberto Designers was organized on January 1, 2024. The firm was authorized to issue 120,000 shares of $5 par value common stock. had the following transactions relating to stockholders' equity: 1. Issued 12,000 shares of common stock at $7 per share. 2. Issued 24,000 shares of common stock at $8 per share. 3. Reported a net income of $120,000 4. Paid dividends of $60,000. 5. Purchased 3,500 shares of treasury stock at $10 (part of the 24,000 shares issued at $8 ). What is total stockholders' equity ot the end of 2024 ? Multiple Choice $697,000 $325,000 $577,000