Required information The following information applies to the questions displayed below.) In January, 2020 (the first month of operation), a consulting firm recorded the following transactions: 1. Issued stock to investors for $30,000 cash. 2. Purchased $7,500 of equipment, paying 30% in cash and giving a promissory note for the balance. 3. Received $13,500 in cash for consulting services performed in January. 4. Bought $2,250 of supplies on account, all of the supplies were used in January. 5. Provided consulting services for clients and billed them $24,000. 6. Paid $1,125 toward the supplies purchased in #4. 7. Paid $4,500 to employees for work performed in January 8. Received a bill for rent and utilities for January of $5,100. The firm uses accrual basis of accounting. What is the amount of total revenue that will be reported on the Income Statement for the month of January? What is the amount of total revenue that will be reported on the Income Statement for the month of January? Multiple Choice O $43,500 $67,500 O O $13.500 O $37,500