In January 2013 a new consulting firm recorded the following transactions:1. Is

In January 2013 a new consulting firm recorded the following transactions:1. Issued stock to investors for $20000
cash.2. Purchased $5000 of equipment paying 20% in cash and giving a promissory note for the balance.3. Received $9000 in cash for consulting services
performed in January.4. Bought $1500 of supplies on account; all of the supplies were used in January.5. Provided consulting services for clients and
billed them $16000.6. Paid $750 toward the supplies purchased in #4.7. Paid $3000 to employees for work performed in January.8. Received a bill for rent
and utilities for January of $3400. What is the amount of total revenue to be reported on the Income Statement for the month of January? Answer $45000 $9000 $29000 $25000