Ace Company$$s trial balance at the end of its first month of operations reported the following accounts and amounts with normal balances:

Cash $$16,000$

Prepaid insurance $$500$

Accounts receivable $$2,500$

Accounts payable $$2,000$

Notes payable $$3,000$

Common stock $$5,000$

Dividends $$500$

Revenues $$22,000$

Expenses $$12,500$

Total credits on Ace Company$$s trial balance are which of the following?

A $$32,500$

B $$31,500$

C $$32,000$

D $$33,000$