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The following accounts and balances were drawn from the records of Hoover Company on December 31, 2011: Cash $1,000 Accounts Receivable $850 Dividends 500 Common

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The following accounts and balances were drawn from the records of Hoover Company on December 31, 2011: Cash $1,000 Accounts Receivable $850 Dividends 500 Common Stock 975 Land 800 Revenue 800 550 Accounts Payable 450 Expense Total assets on the December 31, 2011 balance sheet would amount to: a. $3,150 b. $3,450 c. $1,800 d. $2,650

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