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

Issued $12,000 of common stock to stockholders.

Provided $4,600 of services on account.

Paid $3,200 cash for operating expenses.

Collected $3,800 of cash from accounts receivable.

Paid a $200 cash dividend to stockholders.

What is the amount of of total assets that will be reported on the balance sheet as of December 31 , Year 1?