On January 1, Kirk Corporation had total assets of $850,000. During the month, the following activities occurred:
• Kirk Corporation acquired equipment costing $6,000, promising to pay cash for it in 60 days.
• Kirk Corporation purchased $3,500 of supplies for cash.
• Kirk Corporation sold land which it had acquired 2 years ago. The land had cost $15,000 and it was sold for $15,000 cash.
• Kirk Corporation signed an agreement to rent additional storage space next month at a charge of $1,000 per month.
What is the amount of total assets of Kirk Corporation at the end of the month? $859,500. $856,000. $837,500. $840,000.