Question 7 Bledsoe Company received $17,000 cash from the issue of stock on January 1, Year 1. During Year 1, Bledsoe earned $8,500 of revenue on account. The company collected $6,000 cash from accounts receivable and paid $5,400 cash for operating expenses. Based on this information alone, during Year 1 Total assets increased by $26, 100, Total assets increased by $20,100. Total assets increased by $600. Total assets did not change