Stockholders' equity section. Balance sheet is provided below.
Common stock, $30 par, 20,000 share issued and outstanding: $600,000
Pain-in capital in excess of Par-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 was issued as of December 31, 2014, was issued for $43 per share. On march 1, 2015, the company reaquires 4,000 shares of its common stock for $50 per share. What is the total amount of stockholders' equity that will be presented on company's march 31, 2015 balance sheet?