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A company has the following accounts and account balances at the end of its first year: Accounts payable, $3,000 Cash $19.000 Common stock, Not given

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A company has the following accounts and account balances at the end of its first year: Accounts payable, $3,000 Cash $19.000 Common stock, Not given Dividends, $1,000 Expenses, $14,000 Notes payable, $4,000 Prepaid insurance, $3,000 Revenues, $23,000 What is the balance of its common stock account at the end of the first year? $9.000 $7.000 $3,000 $8,000 $13,000

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