Newton corporation was organized on January 1, 20x1. On that date, it issued 200000 shares of it's $10 par value common stock at $12 per share (400,000 shares were authorized). During the period from january 1,20x1, through December 31, 20x3. Newton reported net income of $750,000 and paid cash dividends of $380,000. On January 5, 20x3, Newton purchased 12,000 shares of its common stock at $11 per share. On December 31, 20x3, the compnay sold 8,000 treasury shares at $10 per share. What is the book value of total shareholders equity as of december 31, 20x3.