Hand-me-Down Clothing Company was recently formed with a $5,000 investment in the compeny by shareholders. The company then borrowed $2,000 from a local bank, purchased $1,000 of supplies inventory on account, and also purchased $5,000 of equipment by paying $2.000 in cash and signing a promissory note for the balance. As a result of these transactions, the company's total assets are: Multiple Choice $10,000 $11,000 $9,000