As of December 31, 2018, Warner Corporation reported the following: Dividends payable $ 24,000 Treasury stock 640,000 Paid-in capitalshare repurchase 24,000 Other paid-in capital accounts 4,400,000 Retained earnings 3,400,000 During 2019, half of the treasury stock was resold for $280,000; net income was $640,000; cash dividends declared were $1,460,000; and stock dividends declared were $540,000. What was shareholders' equity as of December 31, 2018