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On January 1 , Kirk Corporation had total assets of $ 8 6 5 , 0 0 0 . During the month, the following activities

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On January 1, Kirk Corporation had total assets of $865,000. During the month, the following activities occurred:
Kirk Corporation acquired equipment costing $7,500, promising to pay cash for it in 60 days.
Kirk Corporation purchased $3,650 of supplies for cash.
Kirk Corporation sold land, which it had acquired 2 years ago. The land had cost $16,500 and it was sold for $16,500 cash.
Kirk Corporation signed an agreement to rent additional storage space next month at a charge of $1,150 per month.
What is the amount of total assets of Kirk Corporation at the end of the month?
Multiple Choice
$876,150
$836,000
$819,500
$872,500
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