Lori Nichols started an engineering? firm, Engineering Enterprises P.C. During its first month of? operations, the following transactions were? completed:

I. Lori invested $34,000 in the? business, which in turn issued common stock to her.II. The business purchased equipment on account for $9,000.

III. The business provided engineering services on? account $11,000.

IV. The business paid salaries to the? receptionist $6,000.

V. The business received cash from a customer as payment on account $8,000.

VI. The business borrowed $12,000 from the? bank, issuing a note payable.

At the end of the? month, cash? equals:

A.48,000.

B.$34,000.

C. $40,000.

D.$80,000.