On January 1, 2018, Bethany Corporation reported $3,000,000 in its Common Shares account (200,000 issued) and retained earnings of $1,000,000. During 2018, the following events occurred: 1.On July 1, the company issued 100,000 common shares at $17 per share. 2. On December 15, the board of directors declared a 15% stock dividend to common shareholders of record on December 31, payable on January 15, 2019. 3. The market value of Blue Corporation common shares was $16 per share on December 15 and $14 per share on December 31. 4. Net income for 2018 was $615,000. The total shareholders' equity at Dec 31, 2018 is: 1) $5,420,000 2) $6,410,000 3) $6,315,000 4) $5,595,000