1. Beginning Retained Earnings for JVS corp were 1,250,600. Net Income for the period was 493,700. Additionally, 78,900 in dividends were paid to shareholders of record. What were Ending Retained Earnings for the period?

Assume JVS Corp authorized 3,000,000 shares of common stock at $10.00 par and that 2,000,000 shares had been issued at $13.00. Using your answer from the previous question, what is total stockholders' equity for the corporation?