A company had the following accounts and balances as of December $31$:

Account Debit Credit

Cash $ $20,000$

Accounts Receivable $2,000$

Supplies $1,500$

Prepaid Insurance $1,400$

Accounts Payable $ $4,000$

Total equity $14,900$

Lodging Revenue $7,000$

Salaries Expense $500$

Utilities Expense $500$

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

$$23,400.$

$$25,400.$

$$25,900.$

$$22,500.$