During January 2020, the first month of operations, a consulting firm had the 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 of total revenue to be reported on the income statement for the month of January