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

Common stock, par value $20; authorized 75,000 shares; issued and outstanding 45,000 shares $900,000

Paid-in-capital in excess of par value 350,000

Retained earnings 500,000

During 2021, the following transactions occurred related to stockholder equity:

3,000 shares were reacquired at $28 per share.

3,000 shares were reacquired at $35 per share.

3,200 shares of treasury stock were sold at $30 per share.

For the year ended December 31, 2021, Purple reported net income of $450,000. Assuming Purple accounts for treasury stock under the cost method, what should it report as total stockholders equity on its December 31, 2021, balance sheet?