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As of December 31, 2021, Warner Corporation reported the following: Cash dividends payable $ 30,000 Treasury stock 590,000 Paid-in capitalshare repurchase 30,000 Common stock and
As of December 31, 2021, Warner Corporation reported the following:
| Cash dividends payable | $ | 30,000 | |
| Treasury stock | 590,000 | ||
| Paid-in capitalshare repurchase | 30,000 | ||
| Common stock and other paid-in capital accounts | 5,000,000 | ||
| Retained earnings | 4,000,000 | ||
As of December 31, 2021, Warner Corporation reported the following:
| Cash dividends payable | $ | 30,000 | |
| Treasury stock | 590,000 | ||
| Paid-in capitalshare repurchase | 30,000 | ||
| Common stock and other paid-in capital accounts | 5,000,000 | ||
| Retained earnings | 4,000,000 | ||
What was shareholders' equity as of December 31, 2021?
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