In January 2013, a new consulting firm recorded the following transactions: 1. Issued stock to investors for $20,000 cash. 2. Purchased $5,000 of equipment, paying 20% in cash and giving a promissory note for the balance. 3. Received $9,000 in cash for consulting services performed in January. 4. Bought $1,500 of supplies on account; all of the supplies were used in January. 5. Provided consulting services for clients and billed them $16,000. 6. Paid $750 toward the supplies purchased in #4. 7. Paid $3,000 to employees for work performed in January. 8. Received a bill for rent and utilities for January of $3,400. What is the amount of Current Assets on the classified balance sheet at the end of January?

$41,750

$40,250

$26,500

$25,750