QUESTION INFORMATION: Philadelphia Company has the following balances in its permanent accounts as of December 31, 2021 (assume that all accounts have their normal debit or credit balance):

Cash	37,000
Common stock	23,000
Land	72,000
Notes payable	56,000
Retained earnings	43,000
Supplies	13,000

Philadelphia engaged in the following seven transactions during 2022:

• Issued stock to investors for $111,000 cash.
• Purchased land for $99,000 cash.
• Performed services on account for $77,000.
• Collected $55,000 on accounts receivable.
• Paid cash dividends to investors of $11,000.
• Salaries of $33,000 are earned by employees in December 2022, but will not be paid until January 2023.
• Supplies of $11,000 are on hand as of December 31, 2022.

QUESTION TO ANSWER: After recording all transactions for 2022, including adjusting and closing journal entries, Philadelphia's total assets balance as of December 31, 2022 is $______.