A company entered into the following transactions: - Borrowed $5,110 from the bank by signing a promissory note - Issued stock to owners for $11,100 - Purchased $1,110 of supplies, on account - Paid $510 to suppliers as payment on account for the supplies purchased 1. What is the amount of total assets? $16,810, $17,320, $16,210, or $5,710 2. What is the amount of total liabilities? $17,320, $5,710, $6,220, $16,810