XYZ Company had the following transactions in 2013, its first year of operations.

• Issued 20,000 shares of common stock.Stock has par value of $1.00 per share and was issued at $14.00 per share.
• Issued 1,000 shares of $100 par value preferred stock.Shares were issued at par.
• Earned net income of $35,000.
• Paid no dividends.

At the end of 2013, what is the total amount of Stockholders' equity?