On January 1,Kirk Corporation Had Total Assets of $425,000

Multiple Choice

On January 1,Kirk Corporation had total assets of $425,000.During the month,the following activities occurred: Kirk Corporation acquired equipment costing $3,000,promising to pay cash for it in 60 days.
Kirk Corporation purchased $1,750 of supplies for cash.
Kirk Corporation sold land,which it had acquired 2 years ago.The land had cost $7,500 and it was sold for $7,500 cash.
Kirk Corporation signed an agreement to rent additional storage space next month at a charge of $500 per month.
What is the amount of total assets of Kirk Corporation at the end of the month?

A) $429,750
B) $428,000
C) $418,750
D) $420,000