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 |
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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 $470.
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What ($ in 000s) was shareholders' equity as of December 31, 2013?
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