Jaycox Company Received $1,000 Cash from the Issue of Stock

Multiple Choice

Jaycox Company received $1,000 cash from the issue of stock on January 1,2012.During 2012 the Jaycox Company earned $3,500 of revenue on account.The company collected $2,400 cash from accounts receivable and paid $3,000 cash for operating expenses.Based on this information alone:

A) total assets increased by $1,500.
B) total assets decreased by $3,500.
C) total assets increased by $2,400.
D) total assets did not change.