Presented below is information related to Hale Corporation:
Common Stock, $1 par $3,500,000
Paid-in Capital in Excess of ParCommon Stock 550,000
Preferred 8 1/2% Stock, $50 par 2,000,000
Paid-in Capital in Excess of ParPreferred Stock 400,000
Retained Earnings 1,500,000
Treasury Common Stock (at cost) 150,000
10. The total stockholders' equity of Hale Corporation is
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