Roberto Corporation was organized on January 1, 2009. The firm was authorized to issue 100,000 shares of $5 par common stock. During 2009, 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 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 the total shareholders equity at the end of 2009?