Determining Total Equity from Balance Sheet

Global Trading Co. reports its financial position as of December 31, 2023. The balance sheet shows the following key items:

• Cash: $75,000
• Accounts Receivable: $50,000
• Inventory: $100,000
• Property, Plant, and Equipment: $300,000
• Accounts Payable: $120,000
• Long-term Debt: $200,000

Based on this information, what is the total equity reported on Global Trading Co.'s balance sheet?