X Company, a manufacturer, prepares monthly financial statements. On January 1, total equities were $115,706. The following transactions occurred during January: Issued additional shares of stock for $113,000. Acquired $9,000 of direct materials, $4,410 of it paid for with cash, the rest bought on open account. A one year rental agreement was signed for $5,700 per month. Rent for the first two months was paid in advance. Product sales were $114,000, $23,338 of which were cash sales; the rest were on account. Product costs were $83,220. Paid wages and salaries of $11,773. Paid $23,338 to suppliers for materials that X Company had previously purchased on account. . Collected $23,860 from customers who had previously purchased products from X Company on account. What would total equities be on January 31? [Ignore adjusting entries.] A: $167,262 B: $195,697 C: $228,965 D: $267,889 E: $313,430 F: $366,713