During 2014 in 000s net income was 10300 25 of the

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Black Enterprises reported the following ($ in 000s) as of December 31, 2013. All accounts have normal balances.

Deficit	1,000
Common stock	3,000
Paid-in capital-stock options	2,000
Treasury stock at cost	280
Paid-in capital-excess of par	30,200

During 2014 ($ in 000s), net income was $10,300; 25% of the treasury stock was resold for $480; cash dividends declared were $650; cash dividends paid were $470.

What ($ in 000s) was shareholders' equity as of December 31, 2013?

Reference no: EM13569088

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