On December $1,2020,$ Albertson Industries took $40,000$ shares of its $$10$ par value common stock out of treasury and traded them for a used machine. Albertson originally issued these shares at $$30$ each, and it later repurchased them for $$40$ each. On the date of the exchange, Albertson$$s common stock had a per$-$share fair value of $$55.$ By how much will the stock$-$for$-$equipment exchange increase Albertson$$s total stockholders$$ equity?