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The following shows the ending balances of accounts for A Company as of December 31, 2018. Account Debits Credits Taxes payable 30,000 Inventory 285,000 Investments

The following shows the ending balances of accounts for A Company as of December 31, 2018.

Account Debits Credits
Taxes payable 30,000
Inventory 285,000
Investments 140,000
Retained earnings 202,000
Prepaid expenses 148,000
Accumulated depreciation - equipment 110,000
Deferred revenue 80,000
Cash 65,000
Common stock 400,000
Equipment 320,000
Accounts payable 60,000
Accounts receivable 160,000
Notes payable 200,000
Allowance for uncollectible accounts 16,000
Interest payable 20,000
Total 1,118,000 1,118,000

Additional information:

1. Prepaid expenses include $120,000 paid on December 31, 2018 for a two-year lease on the company's office building. The remaining prepaid expenses are for items that management expects will be consumed during 2019.

2. Investments include $30,000 in Treasury bills purchased on November 30, 2016 and that mature on January 30, 2019. The remaining investments are marketable securities that management expects to sell during 2019.

3. The deferred revenue is for magazine subscriptions that are one year or less.

4. The notes payable consists of a $40,000 note due in six months, a $100,000 note due in five years, and $60,000 note due in three annual installments of $20,000 with the next installment due on August 31, 2019.

Determine the amount of total assets.

992,000
$992,000
992000
$992000

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