Required information The financial statements for Jode Inc. and Lakely Corp., just prior to their combination, for the year ending December 31, 2017, follow. Lakely's buildings were undervalued on its financial records by $60,000. Revenues Expenses Net income Retained earnings, January 1, 2017 Net income (from above) Dividends declared Retained earnings, December 31, 2017 Cash Receivables and inventory Buildings (net) Equipment (net) Total assets Liabilities Common stock Additional paid-in capital Retained earnings, 12/31/17 Total liabilities and stockholders' equity Jode Inc. $ 1,300,000 (1,180,000) $ 120,000 $ 700,000 120,000 (110,000) $ 710,000 $ 160,000 240,000 700,000 700,000 $ 1,800,000 $ 250,000 750,000 90,000 710,000 $ 1,800,000 Lakely Corp. $ 500,000 (290,000) $ 210,000 $ 500,000 210,000 (110,000) $ 600,000 $ 120,000 240,000 350,000 600,000 $ 1,310,000 $ 195,000 430,000 85,000 600,000 $ 1,310,000 On December 31, 2017, Jode issued 54,000 new shares of its $10 par value stock in exchange for all the outstanding shares of Lakely. Jode's shares had a fair value on that date of $35 per share. Jode paid $34,000 to an investment bank for assisting in the arrangements. Jode also paid $24,000 in stock issuance costs to effect the acquisition of Lakely. Lakely will retain its incorporation. Determine consolidated Additional Paid-In Capital at December 31, 2017