Flores Inc. acquired all of the outstanding common stock of Wilde Company on January 1, 2020. Annual amortization of $32,000 resulted from this transaction. On the date of the acquisition, Flores reported retained earnings of $630,000 while Wilde reported a $290,000 balance for retained earnings. Flores reported net income of $120,000 in 2020 and $75,000 in 2021, and paid dividends of $30,000 in dividends each year. Wilde reported net income of $19,000 in 2020 and $32,000 in 2021, and paid dividends of $8,000 in dividends each year. If the parent's net income reflected use of the partial equity method, what were the consolidated retained earnings on December 31, 2021?