McCoy Corporation Provides Plumbing Services

McCoy Corporation provides plumbing services.Transactions during the first year of operations are provided below.
A.Received $12,000 cash and issued common stock to Sharon McCoy.
B.Paid $1,900 cash for equipment to be used for plumbing repairs.
C.Borrowed $10,000 from a local bank and deposited the money in the checking account.
D.Paid $400 rent for the year.
E.Purchased $500 of office supplies by cash.
F.Completed a plumbing repair project for a local lawyer and received $3,200 cash.
Calculate the amount of total liabilities at the end of the first year.

A) $10,000
B) $12,000
C) $20,100
D) $3,200