MC Qu. 3-170 During January 2018, the first month... During January 2018, the first month of operations, a consulting firm had following transactions: Issued common stock to owners in exchange for $22,000 cash. Purchased $5,500 of equipment, paying $1,650 cash and signing a promissory note for $3,850. Received $9,900 in cash for consulting services performed in January. Purchased $1,650 of supplies on account; all of the supplies were used in January. Provided consulting services on account in the amount of $17,600. Paid $825 on account. Paid $3,300 to employees for work performed during January. Received a bill for utilities for January of $3,750; the bill remains unpaid. What is the amount to be reported as total liabilities on the balance sheet at the end of January?