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Yellow Enterprises reported the following ($ in 000s) as of December 31, 2018. All accounts have normal balances. Deficit (debit balance in retained earnings) $

Yellow Enterprises reported the following ($ in 000s) as of December 31, 2018. All accounts have normal balances.

Deficit (debit balance in retained earnings) $ 1,100
Common stock 2,700
Paid-in capital-treasury stock 2,900
Treasury stock at cost 320
Paid-in capitalexcess of par 31,000

During 2019 ($ in 000s), net income was $10,400; 25% of the treasury stock was resold for $620; cash dividends declared were $740; cash dividends paid were $460. What ($ in 000s) was shareholders' equity as of December 31, 2018?

Multiple Choice

  • $37,380.

  • $32,280.

  • $35,820.

  • $35,180.

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