As of December 31, 2018, Warner Corporation reported the following:

Dividends payable	$	35,000
Treasury stock		750,000
Paid-in capitalshare repurchase		35,000
Other paid-in capital accounts		5,500,000
Retained earnings		4,500,000

During 2019, half of the treasury stock was resold for $270,000; net income was $750,000; cash dividends declared were $1,650,000; and stock dividends declared were $650,000. What would shareholders' equity be as of December 31, 2019?