Dove Corporation, a calendar year C corporation, had the following information for 2019:
Net income per books (after-tax) $386,250
Taxable income 120,000
Federal income tax per books 25,200
Cash dividend distributions 150,000
Unappropriated retained earnings, as of January 1, 2019 796,010
Based on the above information, use Schedule M–2 of Form 1120 (see Example 31 in the text) to determine Dove’s unappropriated retained earnings balance as of December 31, 2019.