Nelson Company experienced the following transactions during Year 1, its first year in operation. 1. Acquired $7,800 cash by issuing common stock. 2. Provided $4,100 of services on account. 3. Paid $2,050 cash for operating expenses. 4. Collected $2,800 of cash from customers in partial settlement of its accounts receivable. 5. Paid a $190 cash dividend to stockholders. What is the amount of total assets that will be reported on the balance sheet as of December 31, Year 1? Multiple Choice $8,740. $8,360. $9,850. $9,660.