As of December 31, 2018, Warner Corporation reported the following: ...
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Accounting
As of December 31, 2018, Warner Corporation reported the following:
Dividends payable
$
23,000
Treasury stock
630,000
Paid-in capitalshare repurchase
23,000
Other paid-in capital accounts
4,300,000
Retained earnings
3,300,000
During 2019, half of the treasury stock was resold for $246,000; net income was $630,000; cash dividends declared were $1,530,000; and stock dividends declared were $530,000. What would shareholders' equity be as of December 31, 2019?
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