MC Qu. 2-74 Park & Company was recently formed with... Park & Company was recently formed with a $6,500 investment in the company by stockholders in exchange for common stock. The company then borrowed $3,500 from a local bank, purchased $1,150 of supplies on account, and also purchased $6,500 of equipment by paying $2,150 in cash and signing a promissory note for the balance. Based on these transactions, the company's total assets are: Multiple Choice $15,500. $10,000 $13,000. $12,150