A company had the following sequential transactions during its FIRST year of operations: 1) Issued 1,000 shares of $2 par value stock for $12 per share. 2) Repurchased 100 shares of stock at $10 per share. 3) Paid dividends of $1 per share. 4) Had $1,500 in net income. What is the total balance in equity as a result of these events? $11,000$10,100$12,000$11,600