Angel Enterprises reported the following shareholder's equity at year-end:

Preferred Shares, $6, 10,000 shares authorized, 600 shares outstanding	$120,000
Common Shares, 1,000,000 shares authorized, 77,000 shares outstanding	$231,000
Contributed Surplus	$770,000
Retained Earnings	$1,040,000
Accumulated Other Comprehensive Loss	$12,500

What is the total shareholder's equity reported on the balance sheet for Angel?