The following transactions occurred during March, the first month of operations for Scrooge Incorporated:

*Capital stock was issued in exchange for $360,000 cash.

*Purchased $180,000 of equipment by making a $60,000 cash down payment and signing a note payable for the balance..

*Made a $35,000 payment on the note payable from the equipment purchase.

*Sold a piece of equipment for $18,000 cash. The equipment was sold at cost, so there is no gain or loss on the sale.

What are the total assets of Scrooge Incorporated at the end of March?

	A.	$283,000.
	B.	$162,000.
	C.	$445,000.
	D.	$480,000.