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Business, 26.12.2019 06:31 Tirone

Roberto designers was organized on january 1, 2021. the firm was authorized to issue 100,000 shares of $5 par value common stock. during 2021, roberto had the following transactions relating to stockholders 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 s10 (part of the 20,000 shares issued at $3)
what is the balance in the treasury stock account at the end of 2021?
a) $160,000.
b) $30,000
c) $260,000.
d) $250,000.

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