40. LO.9 Dove Corporation, a calendar year C corporation, had the following information for 2021:

Net income per books (after-tax) $386,250 Taxable income 120,000 Federal income tax per books 25,200 Cash dividend distributions 150,000 Unappropriated retained earnings as of January 1, 2021 796,010 Based on the above information, use Schedule M–2 of Form 1120 (see Example 47 in the text) to determine Dove’s unappropriated retained earnings balance as of December 31, 2021.