Samavedam Corporation started a new business on December 1, 2021. That same day, Samavedam Corporation also received $470,000 of cash from issuing common stock and borrowed $230,000 from a friend. On December 1, 2021 Samavedam Corporation also purchased equipment for $388,800. The equipment has a useful life of 108 months. On December 1, 2021, Samavedam also paid $46,800 of cash to rent office space for a 12 month period. During 2021, the Company provided services valued at $42,000 and had collected $8,400 of that amount at year-end. The company will collect the remaining portion in the following year.The company's payroll for 2021 was $28,600, which was paid in full during 2021. Use this information to find the company's balance of total assets as of 12/31/2021?