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As of December 31, 2021, Purdue Corporation reported the following: Cash dividends payable Treasury stock Paid-in capital-share repurchase Common stock and other paid-in capital accounts

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As of December 31, 2021, Purdue Corporation reported the following: Cash dividends payable Treasury stock Paid-in capital-share repurchase Common stock and other paid-in capital accounts Retained earnings $ 23,000 630,000 23,000 4,300,000 3,300,000 During 2022, half of the treasury stock was resold for $246,000; net income was $630,000; cash dividends declared were $530,000; and small stock dividends declared and distributed were $406,000. What would shareholders' equity be as of December 31, 2022? Multiple Choice None of these amounts is correct... $7,408,000. O $7,339,000. $8,339,000

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