During January 2018, the first month of operations, a consulting firm had following transactions: 1. Issued common stock to owners in exchange for $20,000 cash. 2. Purchased $5,000 of equipment, paying $1,000 cash and signing a promissory note for $4,000. 3. Received $9,000 in cash for consulting services performed in January 4. Purchased $1,500 of supplies on account; all of the supplies were used in January 5. Provided consulting services on account in the amount of $16,000. 6. Paid $750 on account. 7. Paid $3,000 to employees for work performed during January 8. Received a bill for utilities for January of $3,400; the bill remains unpaid. What is the amount of total revenue to be reported on the income statement for the month of January? Multiple Choice $29,000. $9.000 $45,000 O $25,000