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

All accounts have normal balances. 

Deficit (debit balance in retained earnings) $ 3,000 

Common stock 2,000 

Paid-in capital-treasury stock 1,000 

Treasury stock at cost 400 Paid-in capital—excess of par 30,000 

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?

 

Transcribed Image Text:

O $29,600. O $35,600. O $30,400. O $28,600. O $29,600. O $35,600. O $30,400. O $28,600.

Answer rating: 100% (QA)

Required solution Answer is 29600 Shareholders Equity Comm... View the full answer