Seved Help Save & Exit Hoptea Company engaged in the following transactions during Year 1, its first year of operations. (Assume all transactions are cash transactions.) 1) Acquired $3,700 cash from issuing common stock. 2) Borrowed $2,550 from a bank. 3) Earned $3,450 of revenues. 4) Incurred $2,470 in expenses. 5) Paid dividends of $470. The amount of total assets on Hoptea's balance sheet at the end of Year 1 was: Multiple Choice $6,760. $6,980. $1,150. $3,870