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Nelson Company experienced the following transactions during Year 1. Its first year in operation 1. Issued $6,400 of common stock to stockholders. 2. Provided $2,700

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Nelson Company experienced the following transactions during Year 1. Its first year in operation 1. Issued $6,400 of common stock to stockholders. 2. Provided $2,700 of services on account. 3. Paid $1700 cash for operating expenses. 4. Collected $2,100 of cash from accounts receivable. 5. Pald a $120 cash dividend to stockholders. The total amount of assets shown on Nelson Company's December 31, Year 1 balance sheet is: Multiple Choice 57A00. $. $6.920. 57200

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