Required information

Use the following information to answer questions 19-20

[The following information applies to the questions displayed below.]

The separate condensed balance sheets of Patrick Corporation and its wholly owned subsidiary, Sean Corporation, are as follows:

BALANCE SHEETS
December 31, 2017
	Patrick				Sean
Cash	$	74,000			$	52,000
Accounts receivable (net)		130,000				40,000
Inventories		86,000				72,000
Plant and equipment (net)		622,000				278,000
Investment in Sean		468,000				-
Total assets	$	1,380,000			$	442,000
Accounts payable		156,000				84,000
Long-term debt		116,000				20,000
Common stock ($10 par)		308,000				44,000
Additional paid-in capital						10,000
Retained earnings		800,000				284,000
Total liabilities and shareholders' equity	$	1,380,000			$	442,000

Additional Information:

• On December 31, 2017, Patrick acquired 100 percent of Seans voting stock in exchange for $468,000.
• At the acquisition date, the fair values of Seans assets and liabilities equaled their carrying amounts, respectively, except that the fair value of certain items in Seans inventory were $22,000 more than their carrying amounts.

Problem 2-20 (LO 2-4, 2-5)

In the December 31, 2017, consolidated balance sheet of Patrick and its subsidiary, what amount of total stockholders equity should be reported?