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

Common stock, par value $20; authorized 75,000 shares;
issued and outstanding 45200 shares

$ 904000

Paid-in capital in excess of par value

352000

Retained earnings

508000

$1764000


During 2021, the following transactions occurred relating to stockholders' equity:

2700 shares were reacquired at $28 per share.
3400 shares were reacquired at $34 per share.
1800 shares of treasury stock were sold at $31 per share.

For the year ended December 31, 2021, Sheffield reported net income of $441000. Assuming Sheffield 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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