Nelson Company experienced the following transactions during Year 1, its first year in operation. Issued $9,200 of common stock to stockholders Provided $5,500 of services on account Paid $2,400 cash for operating expenses Collected $3,500 of cash from accounts receivable Paid a $260 cash dividend to stockholders What is the total amount of assets shown on the balance sheet prepared as of December 31, Year 1? Multiple Choice $10,040 $12,040 $12,300 $10,560