Company X has 100,000 shares of $10 par common stock outstanding. Each stock for $ 11.60 a few years ago. The company also has 5,000 shares of $6 par preferred stock outstanding. Each preferred stock share was sold for $10.50 a few years ago. The company holds is nothing else in the equity section of the balance sheet besides Retained Earning. If on December 31, 2017 , total stockholders ' equity is $ 1,442,500 , what is retained earnings