Roberto Corporation was organized on January 1, 2011. The firm was authorized to issue 00,000 shares of $5 par common stock. During 2011, 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 shareholders' equity at the end of 2011?
A. $270,000.
B. $300,000.
C. 250,000.
D. $200,000.