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Presented below is the stockholders' equity section of Oaks Corporation at December 31, 2014: ...

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Accounting

Presented below is the stockholders' equity section of Oaks Corporation at December 31, 2014:

Common stock, par value $20; authorized 75,000 shares;

issued and outstanding 45,000 shares $ 900,000

Paid-in capital in excess of par value 350,000

Retained earnings 300,000

= $1,550,000

During 2015, the following transactions occurred relating to stockholders' equity: 3,000 shares were reacquired at $28 per share. 3,000 shares were reacquired at $35 per share. 1,800 shares of treasury stock were sold at $30 per share. For the year ended December 31, 2015, Oaks reported net loss of $150,000. Assuming Oaks accounts for treasury stock under the cost method, what should it report as total stockholders' equity on its December 31, 2015, balance sheet?

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