As of December 31, 2018, Warner Corporation Reported the Following

Multiple Choice

As of December 31, 2018, Warner Corporation reported the following: During 2019, half of the treasury stock was resold for $240,000; net income was $600,000; cash dividends declared were $1,500,000; and stock dividends declared were $500,000.
- What would shareholders' equity be as of December 31, 2019?

A) Amount is not shown.
B) $5,760,000.
C) $5,820,000.
D) $6,760,000.