As of December 31, 2021, Lenoir Corporation reported the following: Cash dividends payable Treasury stock Paid-in capital-share repurchase Common stock and other paid-in capital accounts Retained earnings $ 27,000 670,000 27,000 4,700,000 3,700,000 During 2022, half of the treasury stock was resold for $254,000; net income was $670,000, cash dividends declared were $1,570,000; and stock dividends declared were $570,000. The 2022 sale of half of the treasury stock would: