Company was organized on January 1, 2003 at which date it issued 100,000 shares of 10 par common stock at 15 per share. During the period 1, 2003, through December 31 2005. They reported a Net Income of 450,000 and paid cash dividends of 230,000. On January 10, 2005 Company purchased 6,000 shares of its common stock at 8 per share. On December 31 2005 Company sold 4,000 treasury shares at 12 per share. What is the total stockholder equity at December 31,2005?

The answer is 1,720,000 but not sure how we got that answer.