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Cash dividends payable $ 40,000 Treasury stock 800,000 Paid-in capitalshare repurchase 40,000 Common stock and other paid-in capital accounts 6,000,000 Retained earnings 5,000,000 During 2022,

Cash dividends payable $ 40,000

Treasury stock 800,000

Paid-in capitalshare repurchase 40,000

Common stock and other paid-in capital accounts 6,000,000

Retained earnings 5,000,000

During 2022, half of the treasury stock was resold for $280,000; net income was $800,000; cash dividends declared were $700,000; and small stock dividends declared and distributed were $440,000.

What would shareholders' equity be as of December 31, 2022?

$10,620,000.

$10,740,000.

$11,620,000.

None

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