How canelson company experienced the following transaction during year 1, its first year of operation. 1. acquired $6600 cash by issuing common stock. 2. provided $2900 of services on account. 3. paid $1750 cash for operating expenses. 4. collected $2200 of cash from customers in partial settlement of its accounts receivalbe. 5. paid a $130 cash dividend to stockholders. What is the amount of total assets that will be reported on the balance sheet as of december 31 year 1? 6920, 7050, 7750, or 7620
