Barnes Company showed the following balances at the end of its first year:

Cash $14,000

Prepaid insurance 700

Accounts receivable 3,500

Accounts payable 2,800

Notes payable 4,200

Common stock 5,400

Dividends 700

Revenues 24,000

Expenses 17,500

What did Barnes Company show as total credits on its trial balance? Assume normal balances in every account

a. $37,100

b. $36,400

c. $35,700

d. $37,800