On January 1,Kirk Corporation Had Total Assets of $850,000

Multiple Choice

On January 1,Kirk Corporation had total assets of $850,000.During the month the following activities occurred: - Kirk Corporation acquired equipment costing $6,000,promising to pay cash for it in 60 days.
- Kirk Corporation purchased $3,500 of supplies for cash.
- Kirk Corporation sold land which it had acquired 2 years ago.The land had cost $15,000 and it was sold for $15,000 cash.
- Kirk Corporation signed an agreement to rent additional storage space next month at a charge of $1,000 per month.
- The financial vice president of Kirk Corporation purchased a new vehicle for cash of $35,000.
What is the amount of total assets of Kirk Corporation at the end of the month?

A) $859,500
B) $856,000
C) $821,000
D) $806,000