Biedsoe Company received $17,000 cash from the issue of stock on January 1, Year 1. During 1. Biedsoe earned $8,500 of revenue on account. The company collected $6,000 cash from account receivable and pain %5,400 cash for operating expenses. Based on this information alone, during year 1.

a. Total assets increased by $20,100.

b. Total assets did not change.

c. Total assets increased by $26,300.

d. Total assets increased by $600..