I don’t have Elements, but this should work in there as well.
Select your Marquee tool (M) and in the top info bar set Style to Fixed Size. Set Width to 1280px and Height to 720px.
Click once in your image and you’ll get a marquee selection that size. Position your cursor inside the selection and drag it so it surrounds the area you want to keep.
Then select Image>Crop. Photoshop will trim away everything outside your selection.
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It is easier to destroy than to create.
More fun, too.