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

   	Debit		Credit
   Accounts receivabletrade	730
   Building and equipment	920
   Cashchecking	34
   Interest receivable	30
   Inventory	16
   Land	150
   Notes receivable (long-term)	450
   Petty cash fund	5
   Prepaid rent	20
   Supplies	8
   Trademark	40
   Accounts payabletrade			560
   Accumulated depreciation			80
   Additional paid-in capital			485
   Allowance for uncollectible accounts			20
   Cash dividends payable			30
   Common stock, at par			15
   Income tax payable			65
   Notes payable (long-term)			800
   Retained earnings			308
   Deferred revenues			40
   TOTALS	2,403		2,403

   What would Symphony report as total assets?

   		$2,338 million.
   		$2,323 million.
   		$2,318 million.
   		$2,303 million.