The adjusted trial balance for Lifesaver Corp. at the end of the current year, 2007, contained the following accounts.
5-year Bonds Payable 8% $1,000,000
Bond Interest Payable 50,000
Premium on Bonds Payable 100,000
Notes Payable (3 mo.) 40,000
Notes Payable (5 yr.) 165,000
Mortgage Payable ($15,000 due currently) 200,000
Salaries Payable 18,000
Taxes Payable (due 3/15 of next yr) 25,000
what are the total long-term liabilities reported on the balance sheet ?