Below is an alphabetical listing of all of the accounts for Spark Dance Studio on 12/31/X2. Assume all adjustments have been made and all balances are "normal".
|Additional Paid In Capital||3,000|
|Income Tax Expense||1,260|
|Income Taxes Payable||1,260|
|Notes Payable - Long-term||4,300|
|Retained Earnings (as of 12/31/X1)||3,500|
|Salaries and wages expense||4,500|
What is the amount of shareholders’ equity that will be reported on Spark’s Balance Sheet on 12/31/x2?