Common Stock, $1 par $3,500,000

Paid-in Capital in Excess of ParCommon Stock 550,000

Preferred 8 1/2% Stock, $50 par 2,000,000

Paid-in Capital in Excess of ParPreferred Stock 400,000

Retained Earnings 1,500,000

Treasury Common Stock (at cost) 150,000

A ) Total stockholders equity is?

**Not looking for just answer, please explain! I clearly have wrong definition of stockholder equity or I am messing my calculations up. THANK YOU!