(TCO 4) Listed below are account balances (in millions of dollars) taken from the records of Symphony Stores. All of these are permanent accounts, except the last two that have yet to be closed. The installment receivables are current. Symphony uses a perpetual inventory system.

	Debit		Credit
Accounts receivable-trade	680
Building and equipment	920
Cash-checking	34
Installment receivables	50
Interest receivable	30
Inventory	16
Land	150
Note receivable (long-term)	450
Petty cash funds	5
Prepaid expenses (for coming year)	20
Supplies	8
Trademark	40
Accounts payable-trade			560
Accumulated depreciation			80
Additional paid-in capital, common			485
Allowance for uncollectable accounts			20
Cash dividends payable			30
Common stock, at par			15
Income tax payable			65
Notes payable (long-term)			800
Retained earnings			48
Unearned revenues			40
Cash dividends declared-common	120
Income summary			380
TOTALS	2523		2523

What would Symphony report as total assets?Hint: Don t forget to deduct the contra assets.