As of December 31, 2011, Warner Corporation reported the following:
Dividends Payable $20,000
Treasury Stock $600,000
Paid in capital -share repurchase $20,000
other paid in capital accounts $4,000,000
retained earnings $3,000,000
During 2012, 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, 2012?
A. Amount is not shown.
B. $5,760,000.
C. $5,820,000.
D. $6,760,000.