5. During January 2015, the first month of operations, a consulting firm had following transactions: 0 Issued common stock to owners in exchange for $44,000 cash. 0 Purchased $11,000 of equipment, paying $2,200 cash and signing a note for $8,800. 0 Received $19,800 in cash for consulting services performed in January. 0 Purchased $3,300 of supplies on account; all of the supplies were used in January. 0 Provided consulting services on account in the amount of $35,200. 0 Paid $1,650 on account. 0 Paid $6,600 to employees for work performed during January. 0 Received a bill for utilities for January of $7,500; the bill remains unpaid.. What is subtotal of expenses that will be reported on the income statement for the month ended January 31? a. $9,900. b. $17,950. c. $17,400. d. $8,250