The following pre-closing accounts and balances were drawn from the records of Carolina Company on December 31, Year 1: Cash Dividends Land Accounts payable Retained earnings $2,000 1,000 Accounts receivable Common stock 1,300 Revenue 700 Expense 2,725 $1,100 1,475 1,300 800 What is the amount of total assets that will be reported on the balance sheet as of December 31, Year 1? Multiple Choice $3,300 $5,700 $4,400 $5,400