During its first month of operations, Pluto Company (1) Borrowed $200,000 from a bank, and then (2) purchased an equipment costing $80,000 by paying cash of $40,000 and signing a long term note for the remaining amount. During the month, the company also (3) purchased inventory for $60,000 on credit, (4) performed services for clients for $120,000 on account, (5) paid $30,000 for cash for accounts payable, and (6) paid $60,000 cash for utilities. What is the amount of total assets at the end of the month?