As of December 31, 2021, Warner Corporation reported the following: Dividends payable Treasury stock Paid-in capital - share repurchase Other paid-in capital accounts Retained earnings 20,000 600,000 20,000 4,000,000 3,000,000 During 2022, half of the treasury stock was resold for $240,000; net income was $600,000; cash dividends declared were $1,500,000; and stock dividends declared were $500,000. 11. 12. What was shareholders' equity as of December 31, 2021? A. $6,400,000. B. $6,420,000. C. $6,440,000. D. $7,020,000. What would shareholders' equity be as of December 31, 2022? A. $4,000,000. B. $5,760,000. C. $5,820,000. D. $6,760,000.