Required information [The following information applies to the questions displayed below.] The following pre-closing accounts and balances were drawn from the records of Carolina Company on December 31, Year 1: Cash Dividends Land Accounts payable Retained earnings $ 3,000 Accounts receivable 1,500 Common stock 1,800 Revenue 950 Expense 3,975 $ 1,350 1,975 1,800 1,050 What is the amount of total assets that will be reported on the balance sheet as of December 31, Year 1