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The December 31, 2021 (pre-closing) adjusted trial balance for Kline Enterprises was as follows: Account Title Debit Credit Accounts payable 98,000 Accounts receivable 178,000 Accumulated

The December 31, 2021 (pre-closing) adjusted trial balance for Kline Enterprises was as follows:

Account Title Debit Credit
Accounts payable 98,000
Accounts receivable 178,000
Accumulated depreciationequipment 268,000
Common stock 498,000
Cash 34,000
Cost of goods sold 488,000
Depreciation expense 68,000
Equipment 716,000
Interest expense 5,000
Inventory 158,000
Note payable (due in six months) 68,000
Rent expense 38,000
Retained earnings 71,000
Salaries payable 16,000
Sales revenue 794,000
Salaries expense 128,000
Totals 1,813,000 1,813,000

Required: Compute Kline's 12/31/2021 total shareholders equity:

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