1. Kingbird, Inc. compiled the following financial information as of December 31, 2022:Service revenue$1183000Common stock 238000Equipment 313000Salaries and wages expense366000Rent expense91500Depreciation expense457500Cash 279000Dividends 76000Supplies 39000Accounts payable 151000Accounts receivable 105500Retained earnings, 1/1/22 572000Kingbird’s total stockholders’ equity at December 31, 2022 is:

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