Yellow Enterprises reported the following ($ in thousands) as of December 31, 2024. All accounts have normal balances.

Deficit (debit balance in retained earnings) $2,100

Common Stock $2,800

Paid-in capital-share repurchase $1,300

Treasury stock (at cost) $310

Paid in capital-excess of par $31,600

During 2025 ($ in thousands), net income was $9,000; 25% of the treasury stock was resold for $590; cash dividends declared were $640; cash dividends paid were $490.

What ($ in thousands) was shareholders' equity as of December 31, 2024?

Multiple Choice Options

a) 37,490

b) 33,290

c) 31,990

d) 33,910