Computing Stockholders' Equity in Consolidation

On January $1$ of the current year, Halen Company purchased all of the common shares of Jolson Company for $$690,000$ cash. On this date, the stockholders' equity of Halen Company consisted of $$720,000$ in common stock and $$372,000$ in retained earnings. Jolson Company had $$420,000$ in common stock and $$270,000$ in retained earnings.

What amount of total stockholders' equity appears on the consolidated balance sheet?Computing Stockholders' Equity in Consolidation

On January $1$ of the current year, Halen Company purchased all of the common shares of Jolson Company for $$690,000$ cash. On this date, the stockholders' equity of Halen Company consisted of $$720,000$ in common stock and $$372,000$ in retained earnings. Jolson Company had $$420,000$ in common stock and $$270,000$ in retained earnings.

What amount of total stockholders' equity appears on the consolidated balance sheet?