Aaliyah Turner opened Turner Photography on January 1 of the current year. During January, the following transactions occurred and were recorded in the companys books:

Aaliyah Turner opened Turner Photography on January 1 of the current year. During January, the following transactions occurred and were recorded in the company's books: 1. Aaliyah invested $13,500 cash in the business in exchange for common stock. 2. Aaliyah contributed $20,000 of photography equipment to the business in exchange for common stock. 3. The company paid $2,100 cash for an insurance policy covering the next 24 months. 4. The company received $5,700 cash for services provided during January. 5. The company purchased $6,200 of office equipment on credit. 6. The company provided $2,750 of services to customers on account. 7. The company paid cash of $1,500 for monthly rent. 8. The company paid $3,100 on the office equipment purchased in transaction #5 above. 9. Paid $275 cash for January utilities. Based on this information, the amount of total stockholders' equity reported on the Balance Sheet at the end of the month would be: Multiple Choice $31,400. $39,200. $31,150. $40,175. $30,875