Marks Taouk Company reported total shareholders' equity of $58,000 on its statement of financial position dated December 31, 2021. During 2021, it reported net earnings of $4,000, declared a cash dividend of $2,000, declared and distributed a common stock dividend of $3,000, and issued preferred shares of $20,000. What was total shareholders' equity at January 1, 2021 (.e. the beginning of the same year)? O A. The beginning shareholders' equity cannot be determined without knowing the beginning balance of retained earnings. O B. $39,000 OC. $36,000 OD. $38,000