Business
Business, 24.04.2020 19:47, texas101st78

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 9,200 shares of common stock at $6.40 per share.
Issued 19,400 shares of common stock at $8.90 per share.
Reported a net income of $102,000.
Paid dividends of $50,000.
Purchased 2,000 shares of treasury stock at $10.90 (part of the 19,400 shares issued at $8.90).

What is total shareholders' equity at the end of 2016?

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Roberto Corporation was organized on January 1, 2021. The firm was authorized to issue 99,000 shares...

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