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

Presented below is the stockholders' equity section of Marigold Corp. at December 31, 2020:

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

issued and outstanding 46000 shares

$ 920000

Paid-in capital in excess of par value

347000

Retained earnings

501000

$1768000

During 2021, the following transactions occurred relating to stockholders' equity: 3300 shares were reacquired at $28 per share. 3500 shares were reacquired at $34 per share. 1800 shares of treasury stock were sold at $30 per share. For the year ended December 31, 2021, Marigold reported net income of $460000. Assuming Marigold 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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