X Company, a manufacturer , prepares monthly financial statements. On January 1, total equities were $115,839. The following transactions occurred during January: Issued additional shares of stock for $103,000. Acquired $8,000 of direct materials, $4,080 of it bought on open account, the rest paid for with cash. A one year rental agreement was signed for $6,200 per month. Rent for the first three months was paid in advance. Product sales were $114,000, $23,011 of which were on account; the rest were cash sales. Product costs were $91,200. Paid wages and salaries of $10,718. Paid $23,498 to suppliers for materials that X Company had previously purchased on account Collected $23,011 from customers who had previously purchased products from X Company on account. What would total equities be on January 31? [Ignore adjusting entries.] A: $211,503B: $281,299 C: $374,128 D: $497,590 E: $661,794 F: $880,187 isc