Lexington Company engaged in the following transactions during Year 1, its first year of operations. (Assume all transactions are cash transactions.) 1) Acquired $3,900 cash from issuing common stock. 2) Borrowed $2,650 from a bank. 3) Earned $3,550 of revenues. 4) Incurred $2,490 in expenses 5) Paid dividends of $490. Lexington Company engaged in the following transactions during Year 2: 1) Acquired an additional $950 cash from the issue of common stock. 2) Repaid $1,615 of its debt to the bank. 3) Earned revenues, $4,950 4) Incurred expenses of $2,930 5) Paid dividends of $1,180 The amount of total assets on Lexington's balance sheet at the end of Year 1 was