Question: ( i ) Saved Help Save & Exit Roberto Corporation was organized on January 1 , 2 0 2 4 . The firm was authorized

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Roberto Corporation was organized on January 1,2024. The firm was authorized to issue 97,000 shares of $5 par common stock. During 2024, Roberto had the following transactions relating to shareholders' equity:
Issued 10,700 shares of common stock at $6.40 per share.
Issued 20,200 shares of common stock at $9.00 per share.
Reported a net income of $106,000.
Paid dividends of $56,000.
Purchased 3,400 shares of treasury stock at $11.00(part of the 20,200 shares issued at $9.00).
What is total shareholders' equity at the end of 2024?
Multiple Choice
$262,880
$318,880
$265,080
( i ) Saved Help Save & Exit Roberto Corporation

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