Shady Sands Corp. began 2023 with retained earnings of $500,000 on its balance sheet. In 2023, the company's earnings per share (EPS) was $2.50 and its dividend paid per share (DPS) was $1.00. The company has 800,000 shares of stock outstanding. How much will Shady Sandys Corp. have in retained earnings on the balance sheet at the end of 2023? (Answer in dollars without cents or dollar sign, $.)