As of December 31, 2021. Warner Corporation reported the following: Cash dividends payable Treasury stock Paid-in capital-share repurchase Common stock and other paid-in capital accounts Retained earnings $ 39,000 790,000 39,000 5,900,000 4,900,000 During 2022, half of the treasury stock was resold for $278,000; net income was $790,000 cash dividends declared were $1,690,000; and stock dividends declared were $690,000. The 2022 sale of half of the treasury stock would