Yellow Enterprises reported the following ($ in 000s) as of December 31, 2016. All accounts have normal balances.

Deficit (debit balance in retained earnings) 3,000

Common stock 2,000

Paid-in capital-treasury stock 1,000

Treasury stock at cost 400

Paid-in capitalexcess of par 30,000

During 2017 ($ in 000s), net income was $9,000; 25% of the treasury stock was resold for $450; cash dividends declared were $600; cash dividends paid were $500.

What ($ in 000s) was shareholders' equity as of December 31, 2016?