Thank you.

Roberto Corporation was organized on January 1, 2021. The firm was authorized to issue 99,000 shares of $5 par common stock. During 2021, Roberto had the following transactions relating to shareholders' equity: Issued 10,700 shares of common stock at $6.30 per share. Issued 19,200 shares of common stock at $10.10 per share. Reported a net income of $90,000. Paid dividends of $50,000. Purchased 2,500 shares of treasury stock at $12.10 (part of the 19,200 shares issued at $10.10). What is total shareholders' equity at the end of 2021?

Multiple Choice

• $321,080.

• $271,080.

• $272,280.

• $290,830.