Bledsoe Company acquired $33,000 cash by issuing common stock on January 1, Year 1. During Year 1, Bledsoe earned $10,300 of revenue on account. The company collected $9,600 cash from customers in partial settlement of its accounts receivable and paid $7,200 cash for operating expenses. Based on this information alone, what was the impact on total assets during Year 1? Multiple Choice

a Total assets increased by $45,700.

b Total assets increased by $2,400.

c Total assets increased by $36,100.

d Total assets did not change.