On january 1, kirk corporation had total assets of $425,000. during the month, the following activities occurred: kirk corporation acquired equipment costing $3,000, promising to pay cash for it in 60 days. kirk corporation purchased $1,750 of supplies for cash. kirk corporation sold land, which it had acquired 2 years ago. the land had cost $7,500 and it was sold for $7,500 cash. kirk corporation signed an agreement to rent additional storage space next month at a charge of $500 per month. what is the amount of total assets of kirk corporation at the end of the month? multiple choice $418,750 $428,000 $420,000 $429,750