A) Sharon deposited $14,000 into a new checking account for the business and recorded the capital contribution. B) Paid $2,000 cash for equipment to be used for plumbing repairs. c) Borrowed $25,000 from a local bank and deposited the money in the checking account. D) Paid $600 rent for the year. E) Purchased $900 of office supplies by cash. F) Completed a plumbing repair project for a local lawyer and received $3,500 cash. Calculate the amount of total liabilities at the end of the first year. Select one: O $3,500 O $15,000 O $14,000 O $25,000 $27,000