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Nelson Company experienced the following transactions during Year 1, its first year in operation. Issued $8,000 of common stock to stockholders. Provided $4,300 of services

Nelson Company experienced the following transactions during Year 1, its first year in operation.

  1. Issued $8,000 of common stock to stockholders.
  2. Provided $4,300 of services on account.
  3. Paid $2,100 cash for operating expenses.
  4. Collected $2,900 of cash from accounts receivable.
  5. Paid a $200 cash dividend to stockholders.

The total amount of assets shown on Nelson Company's December 31, Year 1 balance sheet is:

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