[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, 2020 Patrick Sean Cash Accounts receivable (net) $ 70,000 $ 76,000 138,000 30,000 Inventories 80,000 48,000 Plant and equipment (net) 622,000 264,000 Investment in Sean 466,000 Total assets $1,376,000 $418,000 Accounts payable 176,000 82,000 Long-term debt 100,000 38,000 Common stock ($10 par) 300,000 72,000 Additional paid-in capital 14,000 Retained earnings 800,000 212,000 Total liabilities and shareholders' equity $1,376,000 $418,000 Additional Information: On December 31, 2020, Patrick acquired 100 percent of Sean's voting stock in exchange for $466,000. At the acquisition date, the fair values of Sean's assets and liabilities equaled their carrying amounts, respectively, except that the fair value of certain items in Sean's inventory were $26,000 more than their carrying amounts. In the December 31, 2020, consolidated balance sheet of Patrick and its subsidiary, what amount of total assets should be reported?