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As of December 31, 2018, Warner Corporation reported the following: Dividends payable Treasury stock Paid-in capital-share repurchase Other paid-in capital accounts Retained earnings $ 26,000

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As of December 31, 2018, Warner Corporation reported the following: Dividends payable Treasury stock Paid-in capital-share repurchase Other paid-in capital accounts Retained earnings $ 26,000 660,000 26,000 4,600,000 3,600,000 During 2019, half of the treasury stock was resold for $252,000; net income was $660,000; cash dividends declared were $1,560,000, and stock dividends declared were $560,000. What would shareholders' equity be as of December 31, 2019? Multiple Choice $7,918,000. $6,918,000 $5,160,000 $6,996,000.

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