August, Inc. had the following transactions in 2018, its first year of operations:

Issued 23,000 shares of common stock. The stock has par value of $ 1.00 per share and was issued at $ 16.00 per share.

Issued 1,500 shares of $ 100.00 par value preferred stock at par.

Earned net income of $ 36,000.

Paid no dividends.

At the end of 2018, what is total stockholders' equity?