The Bloom Company issued stock for $53,500 cash on January 20, 2011. During 2011, the company recorded revenue on account of $18,700 and expenses for which cash was paid of $10,280. Bloom received $10,550 cash from accounts receivable. The company also purchased land for $6,175 cash. Based on this information, the amount of change in cash for 2011 was Multiple Choice

$57,875

$53,770

$47,595

$66,295