During January 2018, the first month of operations, a consulting firm had following transactions: 1. Issued common stock to owners in exchange for $38,000 cash. 2. Purchased $9,500 of equipment, paying $2,850 cash and signing a promissory note for $6,650. 3. Received $17,100 in cash for consulting services performed in January. 4. Purchased $2,850 of supplies on account; all of the supplies were used in January 5. Provided consulting services on account in the amount of $30,400. 6. Paid $1,425 on account. 7. Paid $5,700 to employees for work performed during January. 8. Received a bill for utilities for January of $6.450, the bill remains unpaid. What is the amount to be reported as total liabilities on the balance sheet at the end of January? What is the amount to be reported as total liabilities on the balance sheet at the end of January? 0 0 o sva 525 0 O $8.075 0 O $15.00