As of December 31, 2016, Warner Corporation reported the following: Dividends payable $36,000 Treasury stock 760,000 Paid-in capital - share repurchase 36,000 Other paid-in capital accounts 5,600,000 Retained earnings $4,600,000 During 2017, half of the treasury stock was resold for $272,000; net income was $760,000; cash dividends declared were $1,660,000; and stock dividends declared were $660,000. The 2017 sale of half of the treasury stock would: