Regent Plumbing Corporation Provides Plumbing Services

Regent Plumbing Corporation provides plumbing services.Selected transactions of Regent Plumbing Corporation are described as follows:
A.Received $8,000 cash and issued common stock to Sharon Regent.
B.Paid $5,000 cash for equipment to be used for plumbing repairs.
C.Borrowed $11,000 from a local bank and deposited the money in the checking account.
D.Paid $900 rent for the year.
E.Paid $200 cash for plumbing supplies to be used next year.
F.Completed a plumbing repair project for a local lawyer and received $3,000 cash.
Calculate the net income.Assume plumbing supplies of $200 are left at the end of the accounting period.

A) $700
B) $2,800
C) $3,000
D) $2,100