Roberto Corporation was organized on January 1, 2021. The firm was authorized to issue 96,000 shares of $5 par common stock. During 2021, Roberto had the following transactions relating to shareholders' equity:
Issued 10,400 shares of common stock at $5.80 per share.
Issued 19,600 shares of common stock at $9.30 per share.
Reported a net income of $106,000.
Paid dividends of $53,000.
Purchased 2,600 shares of treasury stock at $11.30 (part of the 19,600 shares issued at $9.30).
Required:
What is total shareholders' equity at the end of 2021?
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Roberto Corporation was organized on January 1, 2021. The firm was authorized to issue 96,000 shares...
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