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Stickley, Inc. went into business on August 1, 2020. Following are some of Stickley's transactions during the remaining five months of the year: . .

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Stickley, Inc. went into business on August 1, 2020. Following are some of Stickley's transactions during the remaining five months of the year: . . Aug. 1. 2020 - Issued stock for a total of $10,000. . Oct. 1, 2020 - Paid $6,000 to rent a building for six months. . Oct. 1, 2020 - Paid $10,000 for equipment which is expected to last for five years and then be worthless. Oct. 18, 2020 - Purchased $8,000 of inventory on account. . Nov. 5. 2020 - Sold $2,500 of inventory for $10,000 in cash. . Nov. 12. 2020 - Bought a segment of land for $4,000 in cash. . Dec. 14, 2020 - Sold $1,000 of inventory for $5,500 on account. Dec 18, 2020 - Sold one-half of land for $3,000 in cash. Dec 31, 2020 - Paid a dividend of $4.000. . How much were Stickley's fixed assets at December 31, 2020? O $11,500 O $13,500 O $12.000 O $9.500 O None of the above

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