ABC Company began operations on August 1, 2013 and entered into the following transactions during 2013:
1. On August 1, ABC Company sold common stock to owners in the amount of $200,000 and borrowed 100,000 from the local bank on a 10-month, 12% note payable
2. On September 1, ABC Company purchased a parcel of land costing $80,000 by paying $20,000 in cash and agreeing to pay the remainder within six months
3. On October 1, ABC Company received $50,000 cash from a customer for services to be performed over the next 10 months
4. On November 15, ABC Company paid its stockholders a dividend totaling $3,000 cash
5. On December 1, ABC Company paid $10,000 of the amount owed for the land purchased on September 1
Calculate the amount of total liabilities that ABC Company would report in its December 31, 2013 balance sheet after all the above transactions are recorded and all necessary adjusting entries are made. Do not use decimals in your answer.