As of December 31, 2018, Warner Corporation reported the following: 28,000 Dividends payable 680,000 28,000 Treasury stock Paid-in capital-share repurchase Other paid-in capital accounts Retained earnings 4,800,000 3,800,000 During 2019, half of the treasury stock was resold for $220,000; net income was $680,000; cash dividends declared were $1,420,000; and stock dividends declared were $580,000. What was shareholders' equity as of December 31, 2018? Multiple Choice $7,920,000. $8,628,000 What was shareholders' equity as of December 31, 2018? Multiple Choice $7,920,000. $8,628,000. $7,948,000. $7,976,000