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Presented below is the stockholders' equity section of Concord Corporation at December 31, 2020: Common stock, par value $20; authorized 75,000 shares; issued and outstanding

Presented below is the stockholders' equity section of Concord Corporation at December 31, 2020:

Common stock, par value $20; authorized 75,000 shares;

issued and outstanding 45600 shares

$ 912000

Paid-in capital in excess of par value

351000

Retained earnings

498000

$1761000

During 2021, the following transactions occurred relating to stockholders' equity: 3200 shares were reacquired at $29 per share. 3500 shares were reacquired at $34 per share. 1700 shares of treasury stock were sold at $31 per share. For the year ended December 31, 2021, Concord reported net income of $457000. Assuming Concord accounts for treasury stock under the cost method, what should it report as total stockholders' equity on its December 31, 2021, balance sheet?

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