At the end of the previous year, a firm had shareholders equity on the balance sheet at a book value of $10,000. During the current year, the firm earned $1,000 in net income, paid dividends of $400, issued new stock to raise $340 and used $120 to repurchase common stock. What is the book value of shareholders equity at the end of the current year? $10,000$10,820$12,000$10,600