At the beginning of 20X1, Woodburn Inc. had total assets and total liabilities of $600,000 and $275,000, respectively. The following occurred during 20X1: earned net income of $60,000, declared and paid dividends totaling $15,000, and received $20,000 cash from the issuance of new shares of stock. Question: What should be Woodburn's ending stockholders' equity balance at 12/31/X1? Reminder: Do not use symbols, decimals, or cents in your numerical response. Answer: $ (do not use decimals or cents)