1 .

Listed below are year-end account balances ($ in millions) taken from the records of Symphony Stores.

	Debit		Credit
Accounts receivable	679
Building and equipment	921
Cash	58
Interest receivable	40
Inventory	33
Land	163
Notes receivable (long-term)	460
Prepaid rent	20
Supplies	9
Trademark	58
Accounts payable			666
Accumulated depreciation			60
Additional paid-in capital			475
Dividends payable			27
Common stock (at par)			12
Income tax payable			63
Notes payable (long-term)			834
Retained earnings			281
Deferred revenue			23
TOTALS	2,441		2,441

What would Symphony report as total assets?

2.

	Debit		Credit
Accounts receivable	669
Building and equipment	936
Cash	53
Interest receivable	41
Inventory	19
Land	150
Notes receivable (long-term)	467
Prepaid rent	38
Supplies	10
Trademark	47
Accounts payable			662
Accumulated depreciation			73
Additional paid-in capital			476
Dividends payable			22
Common stock (at par)			13
Income tax payable			55
Notes payable (long-term)			814
Retained earnings			293
Deferred revenue			22
TOTALS	2,430		2,430

What would Symphony report as total shareholders' equity?