Dove Corporation, a calendar year C corporation, had the following information for 2016:
Net income per books (after-tax) ..................................... $386,250
Taxable income .......................................................... 120,000
Federal income tax per books ........................................... 30,050
Cash dividend distributions ........................................... 150,000
Un-appropriated retained earnings, as of January 1, 2016 796,010
Based on the above information, use Schedule M-2 of Form 1120 (see Example 42 in the text) to determine Dove's un-appropriated retained earnings balance as of December 31, 2016.