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At the end of its first month of operations, JMP Consulting reported net income of $30,400. They also had account balances of: Cash $21,600; Office

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At the end of its first month of operations, JMP Consulting reported net income of $30,400. They also had account balances of: Cash $21,600; Office Supplies, $2,900; and Accounts Receivable, $11,800, Stockholders' total investments for this first month was $5,900. There were no dividends in the first month. Calculate the amount of total stockholders' equity reported on the balance sheet at month-end. Multiple Choice $24,500 $30,400 $5.900 $8.800

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