During January 2015, the first month of operations, a consulting firm had following transactions: 1. Issued common stock to owners in exchange for $24,000 cash. 2. Purchased $6,000 of equipment, paying $1,200 cash and signing a promissory note for $4,800. 3. Received $10,800 in cash for consulting services performed in January. 4. Purchased $1,800 of supplies on account; all of the supplies were used in January. 5. Provided consulting services on account in the amount of $19,200. 6. Paid $900 on account. 7. Paid $3,600 to employees for work performed during January. 8. Received a bill for utilities for January of $4,100; the bill remains unpaid.. 5. value: 2.00 points Required information What is subtotal of expenses that will be reported on the income statement for the month ended January 31? $9,500. $5,400. $4,500. $9,800.