Type the correct answer in the box. Use numerals instead of words.

What is the Total Equity balance as of December 31?
Statement of Changes in Equity
\begin{tabular}{|l|l|l|}
\hline & Shared Capital & Retained Earnings \\
\hline Balance as of January 1 & 53,000 & 21,900 \\
\hline Changes in equity during the year & & \begin{tabular}{l}
3,000 \\
$(1,450)$
\end{tabular} \\
\hline
\end{tabular}

The Total Equity balance as of December 31 is $\square$