• The following are the transactions of Sheldon, Inc., for the month of January.

  1. Borrowed $24,900 from a local bank on a note due in six months.
  2. Received $19,300 cash from investors and issued common stock to them.
  3. Purchased $12,200 in equipment, paying $1,840 cash and promising the rest on a note due in one year.
  4. Paid $650 cash for supplies.

  After recording these transactions, Sheldons total assets will be $______