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

Deficit (debit balance in retained earnings)	$	2,800
Common stock		2,600
Paid-in capitalshare repurchase		1,400
Treasury stock (at cost)		230
Paid-in capitalexcess of par		31,900

During 2022 ($ in thousands), net income was $9,500; 25% of the treasury stock was resold for $570; cash dividends declared were $740; cash dividends paid were $420. What ($ in thousands) was shareholders' equity as of December 31, 2021?

Multiple Choice

$32,870.

$33,330.

$31,470.

$38,470.