Cloud Solutions had the following accounts and balances as of December 31: Account Credit 2 Debit $ 20,000 2,000 500 S 5 Cash Accounts Receivable Salaries Expense Accounts Payable Lodging Revenue Utilities Expense Prepaid Insurance Supplies B. Oscar, Capital Totals 4,000 7.000 500 1,400 1,500 18 $ 14,900 25.900 25,900 S Using the information in the table, calculate the total assets reported on the balance sheet for the period Question 30 (2 points) A company purchased new furniture at a cost of $15,000 on September 30. The furniture is estimated to have a useful life of 10 years and a salvage value of $5,000. The company uses the straight-line method of depreciation. What is the book value of the furniture on December 31 of the first year? $10,000 $14,000 $9.750 $14.750