during january 2018, the first month of operations, a consulting firm had following transactions: 1. issued common stock to owners in exchange for $26,000 cash. 2. purchased $6500 of equipment, paying $1950 cash and signing a promissory note for $4550. 3. received $11,700 in cash for consulting services performed in january. 4. purchased $1950 of supplies on account; all of the supplies were used in january. 5. provided consulting services on account in the amount of $20,800. 6. paid $975 on account. 7. paid $3900 to employees for work performed during january. 8. received a bill for utilities for january of $4400; the bill remains unpaid. what is the amount of total revenue to be reported on the income statement for the month of january? a. $32,500 b. $58,500 c. $11,700 d. $37,700