Question - Roberto Designers was organized on January 1, 2015. The firm was authorized to issue 190,000 shares of $6 par value common stock. During 2015, Roberto had the following transactions relating to stockholders' equity:
Issued 19,000 shares of common stock at $8 per share.
Issued 38,000 shares of common stock at $9 per share.
Reported a net income of $190,000.
Paid dividends of $95,000.
Purchased 4,000 shares of treasury stock at $11 (part of the 38,000 shares issued at $9).
What is total shareholders' equity at the end of 2015?
$494,000
$583,000
$545,000
$684,000