The stockholders' equity section of the December 31, 20x7 balance sheet is provided below: Common Stock, $30 par, 20,000 shares issued and 600,000 outstanding Paid-in Capital in Excess of Par--Common Stock Retained Earnings 700,000 The common stock was issued at $42 per share. On March 1, 20x8, the company reacquired 4,000 shares of its common stock for $53 per share. Net income was $ 111,000 and dividends declared were $11,000. No other equity transactions occurred in 20x8. How much should be reported on the company's December 31, 20x8, balance sheet for total equity?