Park & Company was recently formed with a $5,900 investment in the company by stockholders in exchange for common stock. The company then borrowed $2,900 from a local bank, purchased $1,090 of supplies on account, and also purchased $5,900 of equipment by paying $2,090 in cash and signing a promissory note for the balance. Based on these transactions, the company's total assets are:

a.$8,800. b.$13,700. c.$11,800. d.$10,890.