These are the simplified financial Statements for Doctorow Inc.

Income Statement Current Projected

Sales n/a 20,000

Cost n/a 10,000

Profit before tax n/a 10,000

Taxes n/a 4,000

Net Income n/a 6,000

Dividends n/a 1,500

Balance Sheets Current Projected Current Projected

Current Assets 1,000 1,215 Current Liabilities 700 800

Net Fixed Assets 9,800 10,505 Long-term debt 4000

common Stock 3000

Retained Earnings 1100

What is Doctorow's projected total retained earnings?