The retained earnings account for Nathan Corporation had a credit balance of $820,000 at the end of 20x0. Selected transactions during 20x1 follow:

Repurchase 100 shares of Nathan Corporation common stock, paying $20 per share. Each share has a $5 par value and was originally issued for $35.

Sold 20 shares of Nathan Corporation common stock for $22 each

Net income was $150,000

Cash dividends declared were $59,000

Calculate Nathan's retained earnings balance as of the end of 20x1