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On January 1, 2012, Gucci Brothers Inc. started the year with a $501,000 balance in retained earnings and a $600,000 balance in common stock. During

On January 1, 2012, Gucci Brothers Inc. started the year with a $501,000 balance in retained earnings and a $600,000 balance in common stock. During 2012, the company earned net income of $96,000, paid a dividend of $15,100, and issued more common stock for $22,000. What is total stockholders' equity on December 31, 2012?

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