At the end of its first month of operations, Michael's Consulting Services, Inc. reported net income of $30,100. They also had account balances of: Cash, $21,400; Office Supplies, $2,850 and Accounts Receivable $11,700. The stockholders' total investment for this first month was $5,850.

Calculate the ending balance in stockholders' equity to be reported on the Balance Sheet.

$24,250

$8,700

$30,100

$35,950

$5,850