Please write down the process of solving the problem and the answer in detail.

On May 1, James Corporation had total assets of $877,000. During May, the company completed the following transactions: - Barry Saunder, an owner in the firm, donated equipment to James Corporation. The equipment had a value of $6,700 at the time it was acquired by the firm. - Purchased a building for $78,000 and signed a note for the purchase. - Purchased \$1,500 of supplies for cash. After these transactions were recorded, total assets would have a balance of a. $963,200 b. $961,700 c. $963,000 d. $945,700