Determining stockholders' equity after a stock repurchase $1,$ LO $16-5)$AICPAADAPTED$($LO $16-$Newton Corporation was organized on January $1,20$X$1.$ On that date, it issued $200,000$ shares of its $$10$ par value common stock at $$15$ per share $(400,000$ shares were authorized$).$ During the period from January $1,20$X$1,$ through December $31,20$X$3,$ Newton reported net income of $$750,000$ and paid cash dividends of $$380,000.$ On January $5,20$X$3,$ Newton purchased $12,000$ shares of its common stock at $$12$ per share. On December $31,20$X$3,$ the company sold $8,000$ treasury shares at $$8$ per share.Required:$20$X$3?$What is the book value of total shareholders' equity as of December $31,$