4 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 $14.200 cash in the business in exchange for common stock 2. Andrea contributed $27,000 of photography equipment to the business, 3. The company paid $2,800 cash for an insurance policy covering the next 24 months 4. The company received $6,400 cash for services provided during January 5. The company purchased $6,900 of office equipment on credit 6. The company provided $3,450 of services to customers on account. 7. The company paid cash of $2,200 for monthly rent 8. The company paid $3,800 on the office equipment purchased in transaction #5 above, 9 Paid $345 cash for January utilities Based on this information, the balance in the cash account at the end of January would be: $50,550 $16,650 $14,905 $11.455 $20,800