At the end of its first month of operations, JMP Consulting reported net income of $25,900. They also had account balances of: Cash, $18,600; Office Supplies, $2150; and Accounts Receivable, $10,300. Stockholders' total investments for this first month was $5150. There were no dividends in the first month.Calculate the amount of total stockholders' equity reported on the balance sheet at month-end.
A. $20,750
B. $31,050
C. $5150
D. $7300
E. $25,900
Answer: B
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