At January 1, 2021, Swifty Corporation had the following shareholders' equity: Share capital $1 Preferred shares, noncumulative, 25,000 shares authorized, 7800 shares issued $160000 Common shares, 1,000,000 shares authorized, 48000 shares issued Retained Earnings Total Shareholders' Equity 710000 870000 429000 $1299000 On March 12, 2021, when the common shares have a market value of $16, the board of directors declared and paid a 10% common stock dividend. On July 31, 2021, the board declared a 3-for-1 stock split on the common shares. During the year, the company paid cash dividends of $82000 and reported profit of $431000. At its December 31 year end, the balance in share capital is? O $2304000. O $870000. $946800. O $2840400.