Answer:
The total shareholders' equity at the end of 2021 is $465,830
Explanation:
Treasury stock = Shares purchased * Purchase price
Treasury stock = 3,100 shares $12.10 per share
Treasury stock = $37,510
Shareholder′
s equity = Equity capital + Net income - Dividend - Treasury stock
Shareholder′
s equity = $266,320 + $107,000 + $55,000 + $37,510
Shareholder′
s equity = $465,830
Working
Equity capital = (Shares issued × Issue Price) + (Shares issued * Issue price)
Equity capital = (9,600 * $6.70) + (20,000 * $10.10)
Equity capital = $64,320 + $202,000
Equity capital = $266,320
