Vesta Corp. entered into the following transactions during it first year of operations. The company issued common stock in exchange for cash of $20,000 from stockholders, borrowed $10,000 from a bank, purchased $8,000 of equipment by paying $3,000 in cash and issuing a note for the remainder, and bought $3,000 of inventory on account. What amount of total assets is to be reported on the balance sheet at the end of the year? Multiple Choice $32,000 $26,000 $30,000 $38,000