Andrea Apple Opened Apple Photography on January 1 of the Current

Multiple Choice

Andrea Apple opened Apple Photography on January 1 of the current year.During January,the following transactions occurred and were recorded in the company's books:
1.Andrea invested $13,500 cash in the business in exchange for common stock.
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 amount reported as total stockholders' equity on the balance sheet at month-end would be:

A) $31,400.
B) $39,200.
C) $31,150.
D) $40,175.
E) $30,875.