Problem: Ladder Distributors The stockholders' equity section of the December 31, prior year, balance sheet is provided below: Common Stock, $30 par, 20,000 shares issued and outstanding $ 600,000 Additional Paid-In Capital-Common Stock 240,000 Retained Earnings 700,000 Total Stockholders' Equity $1,540,000 Assume that all of the 20,000 shares of stock that were issued as of December 31, prior year, were issued for $42 per share. On March 1, current year, the company reacquired 4,000 shares of its common stock for $50 per share. What is the total amount of stockholders' equity that will be presented on the company's March 31, current year, and balance sheet?