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The company was organized on January 1, 2021. The firm was authorized to issue 100,000 shares of $5 par value common stock. During 2021, the

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The company was organized on January 1, 2021. The firm was authorized to issue 100,000 shares of $5 par value common stock. During 2021, the company had the following transactions relating to stockholders' equity: Issued 20,000 shares of common stock at $7 per share. Issued 20,000 shares of common stock at $8 per share. Reported a net income of $90,000. Paid dividends of $60,000. Purchased 2,000 shares of treasury stock at $11 (part of the 20,000 shares issued at $8). What is total stockholders' equity at the end of 2021? $308,000 $278,000 $330,000. $368,000

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