B9-lR Company began operations in 2025 and entered into the following transactions during the year: February 15: Sold common stock to owners for $367,000 cash. March 1: Purchased equipment for $85,000 cash. The equipment was assigned a life of six years and a residual value of $4,000. April 30: Lent a customer $60,000 on a 10-month, 10% note receivable. May 22: Purchased inventory costing $38,000 on account. June 1: Received $23,000 cash from a customer for services to be performed over the next ten months. August 1: Purchased a 4-year insurance policy for $84,000 cash. August 19: Sold  of the inventory purchased on May 22 for $132,000. The customer paid  of the bill on August 19 and agreed to pay the other  at a future point in time. September 16: Paid $11,000 to the supplier who the inventory was purchased from on May 22. December 31: Received a $41,000 bill from the utility company. B9-lR Company will pay the bill next month. December 31: Recorded all necessary adjusting entries. Calculate the total assets reported in B9-lR Company's December 31 2025 balance sheet.