Nelson Company experienced the following transactions during Year 1, its first year in operation 1. Acquired $9,600 cash by issuing common stock. 2. Provided $5,900 of services on account. 3. Paid $2,500 cash for operating expenses. 4. Collected $3,700 of cash from customers in partial settlement of its accounts receivable. 5. Paid a $280 cash dividend to stockholders. 3:23 What is the amount of total assets that will be reported on the balance sheet as of December 31, Year 1? Multiple Choice $10,520 $10,800 $13,000 $12,720