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?

1

$2062400.

2

$1628600.

3

$2069600.

4

$2066000.