Regent Plumbing Company Provides Plumbing Services

Regent Plumbing Company provides plumbing services.The company is a sole proprietorship.Selected transactions of Regent Plumbing Company are described as follows: a) Sharon Regent,the owner,contributed $6,000 cash in exchange for capital.
b) Paid $4,000 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 $700 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) $500
B) $2,800
C) $3,000
D) $2,300