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.