The Carmichael Company started operations this month and had the following transactions 1. Owners invested $30,000 to start the company 2. Purchased 60 units of inventory for $7,500 3. Borrowed $5,000 from a bank 4. Sold 20 units of inventory for $3,700 (total) 5. Paid $200 for advertising 6. Paid payroll of $1,500 What are the company's total assets at the end of the month