ABC Company was authorized to issue 50,000 $10 par value ordinary shares. As of Dec. 31, 2020, the company had issued 8,000 shares for proceeds of $198,000. During 20120, the company purchased 1,000 treasury shares at a total cost of $22,000. Later in the year, the company sold half of the treasury shares for $14,300. The balance in retained earnings at December 31, 2020 was $320,000. Total equity at December 31, 2020 is $