I need help with this general accounting question using the proper accounting approach.

Horizon Manufacturing began operations by issuing 15,000 shares of common stock at $40 per share and obtaining a bank loan of $250,000. During the first year, the company reported net income of $95,000 and paid dividends of $30,000. Horizon also secured an additional loan of $100,000 during the year. What was the total assets on Horizon's balance sheet at the end of its first year