As of December 31, 2021, Purdue Corporation reported the following: Cash dividends payable 25,000 Treasury stock 650,000 Paid-in capital-share repurchase 25,000 Common stock and other paid-in capital 4,500,000 3,500,000 accounts. Retained earnings During 2022, half of the treasury stock was resold for $250,000; net income was $650,000; cash dividends declared were $550,000; and small stock dividends declared and distributed were $410,000. What would shareholders' equity be as of December 31, 2022?