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Microtel began operations at the beginning of 206 with a $10,000 cash investment by stockholders. During 206. Microtel had revenue on account of $5,000 of

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Microtel began operations at the beginning of 206 with a $10,000 cash investment by stockholders. During 206. Microtel had revenue on account of $5,000 of this amount $2,000 was collected during 206 and $3,000 was an outstanding recelvable at year-end. Microtel jocurred $3.000 of operating expenses during 206 : of this amount $1.000 was unpaid at year-end. During 20x6, $1,000 cash was disbursed as dividends the only other transaction during 206 was the purchase of $5.000 of equipment for cash near the end of theyear. How much were Microtels total assets at year-end

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