0.5 22 During its first year of operations, a company entered into the following transactions: Borrowed...

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0.5 22 During its first year of operations, a company entered into the following transactions: Borrowed $5,040 from the bank by signing a promissory note. Issued stock to owners for $10,400. Purchased $1,040 of supplies on account. Paid $440 to suppliers as payment on account for the supplies purchased. points What is the amount of total assets at the end of the year? Multiple Choice $15,440 $5,640 $16,040 $16,480 0.5 22 During its first year of operations, a company entered into the following transactions: Borrowed $5,040 from the bank by signing a promissory note. Issued stock to owners for $10,400. Purchased $1,040 of supplies on account. Paid $440 to suppliers as payment on account for the supplies purchased. points What is the amount of total assets at the end of the year? Multiple Choice $15,440 $5,640 $16,040 $16,480