Nelson Company experienced the following transactions during Year 1, its first year in operation Issued $7.200 of common stock to stockholders Provided $3,500 of services an account Paid $1,900 cash for operating expenses Collected $2.500 of cash from accounts receivable Paid a $100 cash dividend to stockholders What is the total amount of assets shown on the balance sheet prepared as of December 31, Year 17 Multiple Choice $2,640 58.640 $8.800 $7.960