The balance sheet of Northstar Drilling is shown below. If the December 31, 2012 value of operations is $530 million, what is the December 31, 2012 value of equity?
Balance Sheet, December 31, 2012 (Millions of Dollars)

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Assets Cash Marketable securities Accounts receivable Inventories $20.0 55.0 100.0 200.0 375.0 279.0 Liabilities and Equity Accounts payable Notes payable Accruals $19.0 151.0 51.0 221.0 168.0 76.0 100.0 89.0 189.0 $654.0 Total current liabilities Long-term bonds Preferred stock Common stock Retained earnings Total current assets Net plant and equipment Common equity 0 Total liabilities and equity Total assets $654.