Yellow Enterprises Reported the Following ($ in 000s) as of December

Yellow Enterprises reported the following ($ in 000s) as of December 31, 2018. All accounts have normal balances. During 2019 ($ in 000s) , net income was $9,000; 25% of the treasury stock was resold for $450; cash dividends declared were $600; cash dividends paid were $500.
- What ($ in 000s) was shareholders' equity as of December 31, 2018?

A) $29,600.
B) $35,600.
C) $30,400.
D) $28,600.

Correct Answer:

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