The separate condensed balance sheets of Patrick Corporation and its wholly owned subsidiary, Sean Corporation, are as follows:

BALANCE SHEETSDecember 31, 2017PatrickSeanCash$74,000$72,000Accounts receivable (net)146,00038,000Inventories82,00044,000Plant and equipment (net)640,000262,000Investment in Sean476,000-Total assets$1,418,000$416,000Accounts payable160,00094,000Long-term debt120,00038,000Common stock ($10 par)332,00054,000Additional paid-in capital14,000Retained earnings806,000216,000Total liabilities and shareholders' equity$1,418,000$416,000

Additional Information:

• On December 31, 2017, Patrick acquired 100 percent of Sean's voting stock in exchange for $476,000.
• 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 $16,000 more than their carrying amounts.

In the December 31, 2017, consolidated balance sheet of Patrick and its subsidiary, what amount of total stockholders' equity should be reported?

Multiple Choice

• $1,122,000
• $1,138,000
• $1,154,000
• $1,374,000