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Tulips Corp. was organized on January 1, 2021. The firm was authorized to issue 89,000 shares of $5 par common stock. During 2021, Tulips Corp.

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Tulips Corp. was organized on January 1, 2021. The firm was authorized to issue 89,000 shares of $5 par common stock. During 2021, Tulips Corp. had the following transactions relating to shareholders' equity: Issued 10,200 shares of common stock at $6.20 per share. Issued 19,300 shares of common stock at $8.40 per share. Reported a net income of $92,000. Paid dividends of $43,000. Purchased 3,700 shares of treasury stock at $10.40 (part of the 19,300 shares issued at $8.40). What is total shareholders' equity at the end of 2021? O $269,260. $278,500. $267,460. O $235,880. O None of the options listed

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