The company issued common stock in exchange for cash of $22,000 from stockholders, borrowed $10,000 from a bank, bought $2,000 of inventory on account, provided IT consulting services of $1,000 on account, and purchased $8,000 of equipment by paying $5,000 in cash and issuing a note for the remainder. What is the amount of total assets to be reported on the balance sheet at the end of the year after these transactions