Kendrick Corporation was organized on January $2,2020.$ During $2020,$ Kendrick issued $20,000$ shares at $$32$ per share, purchased $4,000$ treasury shares at $$26$ per share, and had net income of $$500,000.$ What is the total amount of equity at December $31,2020?$

Select one alternative:

$$740,000$

$$1,036,000$

$$1,044,000$

$$1,060,000$