At January 1, 2021, Sheridan Corporation had the following shareholders' equity: Share capital $1 Preferred shares, noncumulative, 25,000 shares authorized 8200 shares issued Common shares, 1,000,000 shares authorized, 54000 shares issued $164000 Retained Earnings Total Shareholders' Equity 770000 934000 426000 $1360000 On March 12, 2021, when the common shares have a market value of $22, the board of directors declared and paid a 8% common stock dividend. On July 31, 2021, the board declared a 2-for-1 stock split on the common shares. During the year, the company paid cash dividends of $76000 and reported profit of $439000. At its December 31 year end, the balance in share capital is? $2376000 $934000 $2058080 $1029040