The following accounts and balances were drawn from the records of Carolina Company on December 31, Year 1 Cash Dividends Land Accounts payable $2,400 Accounts receivable $1,200 Common stock $1,500 Revenue s 800 Expense $1,200 $1,675 $1,500 $ 900 Total assets on Carolina's December 31, Year 1 balance sheet would amount to: Multiple Choice S6.300 5.100