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Following is an extract of account balances of Aztec Moving Services as of December 31, after the first year of operation. Accounts Receivable $7,000 Accounts

Following is an extract of account balances of Aztec Moving Services as of December 31, after the first year of operation.

Accounts Receivable

$7,000

Accounts Payable

5,000

Salaries Expense

6,000

Repairs Expense

600

Truck

8,000

Equipment

9,000

Notes Payable

8,400

Cash

7,500

Supplies Expense

1,500

Service Revenue

32,000

Gasoline Expense

3,800

Salaries Payable

500

What is the amount of total assets at the end of the year?

A. $24,500

B. $15,000

C.$31,500

D. $17000

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