Multiple Choice
Given the following account balances for Cowboy Law Firm at the end of December:
- Cash: \$12,000
- Accounts Receivable: \$5,000
- Supplies: \$2,000
- Accounts Payable: \$3,000
- Common Stock: \$10,000
- Retained Earnings: \$6,000
What is the total amount of assets reported on the balance sheet at December 31?
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