value: 1.00 points MC Qu. 120 Andrea Apple opened Apple Photography on Andrea Apple opened Apple Photography, Inc. on January 1 of the current year. During January, the following transactions occurred and were recorded in the company's books: 1. Andrea, the stockholder, invested $15,000 cash in the business. 2. Andrea contributed $35,000 of photography equipment to the business. 3. The company paid $3,600 cash for an insurance policy covering the next 24 months. 4. The company recelved $7,200 cash for services provided during January. 5. The company purchased $7,700 of office equipment on credit. 6. The company provided $4,250 of services to customers on account. 7. The company pald cash of $3,000 for monthly rent. 8. The company paid $4,600 on the office equipment purchased in transaction #5 above 9. Paid $425 cash for January utilities. Based on this information, the balance in the stockholders' equity reported on the Balance Sheet at the end of the month would be: O $52,400. O $57,200. O $49150 O $58,025 O $45,725