As of December 31, 2021, Corporation reported the following: Cash dividends payable $ 28,000 Treasury stock 680,000 Paid-in capitalshare repurchase 28,000 Common stock and other paid-in capital accounts 4,800,000 Retained earnings 3,800,000 During 2022, half of the treasury stock was resold for $256,000; net income was $680,000; cash dividends declared were $580,000, and small stock dividends declared and distributed were $416,000. What would shareholders' equity be as of December 31, 2022?

Multiple Choice

$8,388,000.

None of these amounts is correct..

$8,304,000.

$9,304,000.