Yellow Enterprises reported the following ($ in thousands) as of December 31, 2021. All accounts have normal balances.

Deficit (debit balance in retained earnings) $ 1,000

Common stock 3,500

Paid-in capitalshare repurchase 1,100

Treasury stock (at cost) 350

Paid-in capitalexcess of par 31,200

During 2022 ($ in thousands), net income was $9,900; 25% of the treasury stock was resold for $570; cash dividends declared were $760; cash dividends paid were $460. What ($ in thousands) was shareholders' equity as of December 31, 2022?

$44,350.

$46,160.

$43,890.

$44,160.