Yellow Enterprises reported the following ($ in 000s) as of December 31, 2018. All accounts have normal balances. Deficit (debit balance in retained earnings) $ 1,300 Common stock 2,400 Paid-in capital-treasury stock 2,800 Treasury stock at cost 360 Paid-in capitalexcess of par 31,100 During 2019 ($ in 000s), net income was $10,900; 25% of the treasury stock was resold for $640; cash dividends declared were $650; cash dividends paid were $430. What ($ in 000s) was shareholders' equity as of December 31, 2018?

Multiple Choice

• $31,840.

• $34,640.

• $35,360.