D Question 5 5 pts Merchant Company provides plumbing services. Transactions of Merchant during the first year of operations are given below. 1. a) The owner, Carol Merchant, contributed $10,000 cash to form the business. 2. b) Paid $1,200 cash for equipment to be used for plumbing repairs. 3. c) Borrowed $11,000 from a local bank and deposited the money in the checking account. 4. d) Paid $400 rent for the year. 5. e) Purchased $400 of office supplies by cash. 6. f) Completed a plumbing repair project for a local lawyer and received $3,300 cash. Calculate the amount of total liabilities at the end of the first year. O $10,000 O $11,000 O $19,800 $3,300