Nelson Company experienced the following transactions during Year 1, its first year in operation. 1. Issued $6,800 of common stock to stockholders. 2. Provided $3,100 of services on account. 3. Paid $1,800 cash for operating expenses. 4. Collected $2,300 of cash from accounts receivable. 5. Paid a $140 cash dividend to stockholders. The total amount of assets shown on Nelson Company's December 31, Year 1 balance sheet is: Multiple Choice $7,160. O $8,100. $7,440. $7,960