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 $12/31/2021?$