Heartland Company reported liabilities totaling $1,230,000 as of December 31, 2014. The following information relates to those liabilities:

(a) Heartland reported a $100,000 bank loan payable. However, Heartland intends to repay this loan on January 10, 2015.

(b) Heartland has reported a $40,000 liability for the estimated cost of future warranty repairs based on product sales for the past year.

(c) Heartland is being sued for $350,000 by a disgruntled employee. Heartland's attor- ney thinks that it is possible that Heartland will lose the case. Heartland has not yet recorded any liability for this potential loss.

(d) d) Heartland receives consulting services from a local CPA. Expected services by the CPA for the coming year will cost $35,000. No liability has been recorded.

(e) Heartland has reached an agreement with a major customer. Heartland expects to provide services totaling $400,000 over the coming three years. The customer has already paid Heartland $100,000. No liability has been recorded.

After considering these items, what should be the total of Heartland' reported liabilities?