On January 1, you sold short two round lots (that is, 200 shares) of Four Sisters stock at $58 per share. On March 1, a dividend of $1.50 per share was paid. On April 1, you covered the short sale by buying the stock at a price of $60 per share. You paid 50 cents per share in commissions for each transaction.

What is the value of your account on April 1?