Answer: $5400
Explanation:
An asset is a property or an item that is owned by an economic entity such as an individual or firm which has a value and can be used by its owner to meet obligations and liabilities.
Based on this information the amount of total assets appearing on the year-end balance sheet will be:
Cash Revenue - Cash expenses
= $5000 + $3000 - $4000 - $400 - $2200
= $1400
Land = $4000
Cash + Land
= $1400 + $4000
= $5400