Andrea apple opened apple photography, inc. on january 1 of the current year. during january, the following transactions occurred and were recorded in the company's books:
1 - andrea, the stockholder, invested $13,500 cash in the business.
2 - andrea contributed $20,000 of photography equipment to the business.
3 - the company paid $2,100 cash for an insurance policy covering the next 24 months.
4 - the company received $5,700 cash for services provided during january.
5 - the company purchased $6,200 of office equipment on credit.
6 - the company provided $2,750 of services to customers on account.
7 - the company paid cash of $1,500 for monthly rent.
8 - the company paid $3,100 on the office equipment purchased in transaction #5 above.
9 - paid $275 cash for january utilities.
based on this information, the balance in the stockholders' equity reported on the balance sheet at the end of the month would be:
(a)- $31,400.
(b)- $39,200.
(c)- $31,150.
(d)- $40,175.
(e)- $30,875.