A corporation has a credit balance in its retained earninzs account of $714,000;10,000$3 preferred shares with an average cost per share of \$6.50, and 1 million common shares issued. The common shares account has a balance of $3,554,000,0, the day the board of directors declared a 5$ stock dividend on its common shares, the fair market values were $7.50 and $3.25 for preferred and common shares respectively. What was the total amount of shareholder's equity BEFORE the dividend is deciared? $4,333,000 $3,781,500 $3,619,000 $4,495,500