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 $2,800 1,400 1,700 900 3,725 Accounts Receivable Common Stock Revenue Expense $1,300 1,875 1,700 1,000 What is the amount of total assets that will be reported on the balance sheet as of December 31, Year 1? Multiple Choice $5,800. $4.500