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The separate condensed balance sheets of Patrick Corporation and its wholly-owned subsidiary, Sean Corporation, are...

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Accounting

The separate condensed balance sheets of Patrick Corporation and its wholly-owned subsidiary, Sean Corporation, are as follows: BALANCE SHEETS December 31, 2020 Patrick Sean Cash $ 74,000 $ 76,000 Accounts receivable (net) 130,000 38,000 Inventories 86,000 54,000 Plant and equipment (net) 626,000 274,000 Investment in Sean 456,000 - Total assets $ 1,372,000 $ 442,000 Accounts payable 178,000 80,000 Long-term debt 110,000 26,000 Common stock ($10 par) 322,000 46,000 Additional paid-in capital 12,000 Retained earnings 762,000 278,000 Total liabilities and shareholders' equity $ 1,372,000 $ 442,000 Additional Information: On December 31, 2020, Patrick acquired 100 percent of Seans voting stock in exchange for $456,000. At the acquisition date, the fair values of Seans assets and liabilities equaled their carrying amounts, respectively, except that the fair value of certain items in Seans inventory were $24,000 more than their carrying amounts. In the December 31, 2020, consolidated balance sheet of Patrick and its subsidiary, what amount of total stockholders equity should be reported?

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