Cloud Solutions had the following accounts and balances as of December 31: Credit Account Cash Accounts receivable Prepaid insurance Supplies Accounts payable Common stock Lodging revenue Utilities expense Salaries expense Debit $ 20,000 2,000 1,400 1,500 $ 4,000 14,900 7,000 500 500 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 $24.900