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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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