Roberto Designers was organized on January 1, 2021. The firm was authorized to issue 200,000 shares of $5 par value common stock. During 2021, Roberto had the following transactions relating to stockholders' equity: Issued 20,000 shares of common stock at $7 per share. Issued 40,000 shares of common stock at $8 per share. Reported a net income of $200,000. Paid dividends of $100,000. Purchased 4,000 shares of treasury stock at $10 (part of the 40,000 shares issued at $8). What is total stockholders' equity at the end of 2021?
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