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 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 2009?
A. $270,000.
B. $300,000.
C. $250,000.
D. $200,000.