Bledsoe Company acquired $$20,000$ cash by issuing common stock on January $1,$ Year $1.$ During Year $1,$ Bledsoe earned $$9,000$ of revenue on account. The company collected $$7,000$ cash from customers in partial settlement of its accounts receivable and paid $$5,900$ cash for operating expenses. Based on this information alone, what was the impact on total assets during Year $1?$

Multiple Choice

Total assets did not change.

Total assets increased by $$23,100.$

Total assets increased by $$30,100.$

Total assets increased by $$1,100.$