National Shops, Inc. reported the following amounts on its balance sheet on December 31, 2009:
| Cash |
$ |
300,000 |
| Accounts Receivable |
|
25,000 |
| Bank Loan Payable |
|
700,000 |
| Unearned revenue |
|
5,000 |
| Merchandise Inventory |
|
150,000 |
| Contributed capital |
|
250,000 |
| Net property, plant and equipment |
|
600,000 |
| Prepaid Supplies |
|
30,000 |
| Accounts payable |
|
45,000 |
| Retained earnings |
|
? |
Identify the items listed above that are assets. What is the amount of National's total assets at the end of 2009?