Black Enterprises reported the following ($ in 000s) as of December 31, 2011. All accounts have normal balances. During 2012 ($ in 000s), net income was $9,000; 25% of the treasury stock was resold for $450; cash dividends declared were $600; cash dividends paid were $500; and all of the stock options expired. 5. What ($ in 000s) was shareholders' equity as of December 31, 2011? A. $29,600. B. $35,600. C. $30,400. D. $28,600. 6. What ($ in 000s) was shareholders' equity as of December 31, 2012? A. $38,100. B. $37,450. C. $38,450. D. $38,350