A company had the following accounts and balances as of December 31: Account Cash Debit $ 20,000 Credit Accounts Receivable 2,000 Supplies 1,500 Prepaid Insurance 1,400 Accounts Payable $ 4,000 Total equity Lodging Revenue 14,900 7,000 Salaries Expense Utilities Expense 500 500 Totals $ 25,900 $ 25,900 Using the information in the table, calculate the total assets reported on the balance sheet for the period. Multiple Choice