Brighton Company received $32,000 cash from the issue of common stock on January 1, 2019, its first date of operations. During 2019, Brighton earned $14,500 of revenue on account. The company also collected $4,500 cash from accounts receivable and paid $2,000 cash for rent expense during 2019. The company also accrued $5,000 for salaries expense during 2019, payable in 2020. Based on this information alone, the cash balance at December 31, 2019 was a. $ 29,500. b. $ 34,500. c. $ 40,000. d. $ 49,000.