During January 2015, the first month of operations, a consulting firm had following transactions: 1. Issued common stock to owners in exchange for $22,000 cash. 2. Purchased $5,500 of equipment, paying $1,650 cash and signing a promissory note for $3,850. 3. Received $9,900 in cash for consulting services performed in January. 4. Purchased $1,650 of supplies on account; all of the supplies were used in January. 5. Provided consulting services on account in the amount of $17,600. 6. Paid $825 on account. 7. Paid $3,300 to employees for work performed during January. 8. Received a bill for utilities for January of $3,750; the bill remains unpaid.. What is subtotal of expenses that will be reported on the income statement for the month ended January 31?