Bledsoe Company Received $31,000 Cash from the Issue of Stock

Multiple Choice

Bledsoe Company received $31,000 cash from the issue of stock on January 1, Year 1. During Year 1, Bledsoe earned $10,100 of revenue on account. The company collected $9,200 cash from accounts receivable and paid $7,000 cash for operating expenses. Based on this information alone, during Year 1, which of the following statements is true?

A) Total assets increased by $43,300.
B) Total assets increased by $2,200.
C) Total assets increased by $34,100.
D) Total assets did not change.