IPOD Corporations' end-of-year Balance Sheet consisted of the following amounts.

Cash                                                        $150,000 

Accounts Receivable                              $500,000

Property, plant & equipment                   700,000 

Long-term debt                                       400,000

Capital stock                                           1,000,000 

Accounts payable                                    200,000 

Retained earnings                                          ? 

Inventory                                                   350,000

Refer to iPod Corp. What amount should IPOD report on its Balance Sheet for Total Assets?
a). $1,100,000
b). $1,550,000

c). $1,700,000
d). $1,900,000