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SportSpot Inc. had a beginning balance in shareholders' equity of $1,100,000 at December 31, 2016. In 2017 they had the following transactions: Sold 50,000 additional

SportSpot Inc. had a beginning balance in shareholders' equity of $1,100,000 at December 31, 2016. In 2017 they had the following transactions:

Sold 50,000 additional shares of common stock for $5.00/share

Earned net income of $298,000.

Declared a $0.75 dividend. The company has 200,000 shares issued and 180,000 shares outstanding.

What was total shareholders' equity at December 31, 2017?

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