32) 32) 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: Andrea invested $13,500 cash in the business in exchange for common stock Andrea contributed $20,000 of photography equipment to the business. The company paid $2.100 cash for an insurance policy covering the next 24 months. The company received $5,700 cash for services provided during January The company purchased 56,200 of office equipment on credit. The company provided $2,750 of services to customers on account The company paid cash of $1,500 for monthly rent. The company paid $3,100 on the office cquipment purchased in transaction #5 above. Paid $275 cash for January utilities. . Based on this information, the balance in the cash account at the end of January would be: A) S12,225. B) $18,700 C) $13,500 D) $41,450 E) S15,250