Saved Ross Inc was incorporated on Jan 1, 2018. During 2018, the following transactions took place: Borrowed $5,050 from the bank by signing a promissory note. Issued common stock to owners for $10,500. Purchased $1,050 of inventory on account. Paid $450 to suppliers as payment on account for the inventory purchased. What is the amount of total assets at the end of the year? Multiple Choice $16,150 O $15,550 $5,650 o oo $16,600