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Bledsoe Company received $20,000 cash from the issue of stock on January 1, 2016. During 2016 Bledsoe earned $9,000 of revenue on account. The company

Bledsoe Company received $20,000 cash from the issue of stock on January 1, 2016. During 2016 Bledsoe earned $9,000 of revenue on account. The company collected $7,000 cash from accounts receivable and paid $5,900 cash for operating expenses. Based on this information alone, during 2016, Multiple Choice Total assets increased by $30,100. Total assets increased by $1,100. Total assets increased by $23,100. Total assets did not change

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