The following transactions occurred during May, the first month of operations for Hunter Products, Inc: * Issued 55,000 shares of capital stock to the owners of the corporation in exchange for $660,000 cash. * Purchased a piece of land for $450,000, making a $175,000 cash down payment and signing a note payable for the balance. * Made a $65,000 cash payment on the note payable from the purchase of land. * Purchased equipment on credit from BBW, Inc. for $68,000.

What is the total of Hunter Products liabilities at the end of May?