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Roberto Corporation was organized on January 1,20X6. The firm was authorized issue 100,000 shares of...

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Accounting

Roberto Corporation was organized on January 1,20X6. The firm was authorized issue 100,000 shares of $5 par common stock. During 20X6, Roberto had the following transactions relating to shareholders' 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.
Paid dividends of $50,000.
Purchased 3,000 shares of treasury stock at $10(part of the 20,000 shares issued at $8).
What is total sharehotders' equity at the end of 206?
A) $300,000.
B) $270,000.
C) $250,000.
D) $200,000.
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