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As of December 31, 2021,Corporation reported the following: Cash dividends payable $ 37,000 Treasury stock 770,000 Paid-in capitalshare repurchase 37,000 Common stock and other paid-in
As of December 31, 2021,Corporation reported the following:
Cash dividends payable | $ | 37,000 | |
Treasury stock | 770,000 | ||
Paid-in capitalshare repurchase | 37,000 | ||
Common stock and other paid-in capital accounts | 5,700,000 | ||
Retained earnings | 4,700,000 | ||
During 2022, half of the treasury stock was resold for $274,000; net income was $770,000; cash dividends declared were $670,000; and small stock dividends declared and distributed were $434,000. What would shareholders' equity be as of December 31, 2022?
Multiple Choice
$11,041,000.
$10,041,000.
None of these amounts is correct..
$10,152,000.
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