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Yellow Enterprises reported the following ($ in 000s) as of December 31, 2018. All accounts have...

Yellow Enterprises reported the following ($ in 000s) as of December 31, 2018. All accounts have normal balances.

Deficit (debit balance in retained earnings) $ 1,700
Common stock 3,600
Paid-in capital-treasury stock 2,100
Treasury stock at cost 220
Paid-in capital—excess of par 31,200


During 2019 ($ in 000s), net income was $10,000; 25% of the treasury stock was resold for $500; cash dividends declared were $610; cash dividends paid were $450.

What ($ in 000s) was shareholders' equity as of December 31, 2019?

Multiple Choice

  • $46,870.

  • $44,980.

  • $44,530.

  • $44,870.

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