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

Deficit (debit balance in retained earnings)	$	1,700
Common stock		3,600
Paid-in capital-treasury stock		2,100
Treasury stock at cost		220
Paid-in capitalexcess of par		31,200

During 2019 ($ in 000s), net income was $10,000; 25% of the treasury stock was resold for $500; cash dividends declared were $610; cash dividends paid were $450. What ($ in 000s) was shareholders' equity as of December 31, 2019?

Multiple Choice

• $46,870.

• $44,980.

• $44,530.

• $44,870.