Kent Corporation was organized on January 1, 2014. On that date, it issued 200,000 shares of $10 par value common stock at $15 per share (400,000 shares were authorized). During the period January 1, 2014, through December 31, 2016, Kent reported net income of $750,000 and paid in cash dividends of $380,000. On January 5, 2016 , Kent purchased 12,000 shares of its common stock at $12 per share. On Decemer 28 2016, 8,000 treasury shares were sold at $8 per share. Kent used the cost method of accounting for treaury shares. What is Kents total shareholders equity as of December 31, 2016.?