Bledsoe Company acquired $17,000 cash by issuing common stock on January 1, Year 1. During Year 1, Bledsoe earned $8,500 of revenue on account. The company collected $6,000 cash from customers in partial settlement of its accounts receivable and paid $5,400 cash for operating expenses. Based on this information alone, what was the impact on total assets during Year T? Multiple Choice 1. Total assets increased by $20,100 2. Total assets increased by $600. 3. Total assets increased by $26,100. 4. Total assets did not change
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