As of December 31, 2021, Purdu,e Corporation reported the following:

Cash dividends payable	$	32,000
Treasury stock		720,000
Paid-in capitalshare repurchase		32,000
Common stock and other paid-in capital accounts		5,200,000
Retained earnings		4,200,000

During 2022, half of the treasury stock was resold for $264,000; net income was $720,000; cash dividends declared were $620,000; and small stock dividends declared and distributed were $424,000. What would shareholders' equity be as of December 31, 2022?

Multiple Choice

• $10,076,000.

• $9,076,000.

• None of these amounts is correct..

• $9,172,000.