Use the following information to answer questions 8 and 9.

Roberto Corporation was organized on January 1, 2018.The firm was authorized to issue 100,000

shares of $5 par value common stock.During 2018, Roberto had the following transactions relating

to stockholders' equity:

Issued 10,000 shares of common stock at $7 per share

Issued 20,000 shares of common stock at $8 per share

Reported a net income of $100,000

Declared and paid dividends of $50,000

Purchased 3,000 shares of treasury stock at $10 per share

8. What is total paid-in capital at the end of 2018?

a. $260,000.

b. $150,000.

c. $180,000.

d. $230,000.

9. What is the balance of stockholders' equity at the end of 2018?

a. $200,000.

b. $250,000.

c. $270,000.

d. $300,000.