Johnson Waterworks Corporation Provides Plumbing Services

Johnson Waterworks Corporation provides plumbing services.Transactions during the first year of operations are provided below.
A.Received $11,000 cash and issued common stock to Mitchell Johnson.
B.Paid $1,200 for equipment to be used for plumbing repairs.
C.Borrowed $15,000 from a local bank and deposited the money in the checking account.
D.Paid $400 in rent for the year.
E.Paid $400 for plumbing supplies to be used on various jobs next year.
F.Completed a plumbing repair for a law firm and received $3,500.
Calculate the amount of total assets at the end of the first year.Assume the plumbing supplies of $400 are left at the end of the year.

A) $1,600
B) $1,200
C) $26,000
D) $29,100