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Denton Company showed the following balances at the end of its first year

Denton Company showed the following balances at the end of its first year:

Cash                         $7,000
Prepaid insurance           700
Accounts receivable     3,500
Accounts payable        2,800
Notes payable             4,200
Common stock            1,400
Dividends                       700
Revenues                  21,000
Expenses                 17,500

What did Denton Company show as total credits on its trial balance?

$30,100
$29,400
$28,700
$30,800

 

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