As of December 31, 2021, Warner Corporation reported the following:

Cash dividends payable $ 23,000 Treasury stock 630,000 Paid-in capitalshare repurchase 23,000 Common stock and other paid-in capital accounts 4,300,000 Retained earnings 3,300,000 During 2022, half of the treasury stock was resold for $246,000; net income was $630,000; cash dividends declared were $1,530,000; and stock dividends declared were $530,000. The 2022 sale of half of the treasury stock would: