Problem:
A certain company had the following:
Total Assets at Dec. 31, 2012: $1,000K;
Total Liabilities at Dec. 31, 2012: $400K;
Total Contributed Capital at Dec. 31, 2012: $200K;
Total Retained Earnings at Dec. 31, *2011*: $450K;
Total Revenues for 2012: $300K; Total Dividends for 2012: $150K.
Required: How much is this company's Total Owners' Equity as of December 31, 2012?