Johnson Waterworks Corporation provides plumbing services. Transactions during the first year of operations are provided below. a) Received $11, 000 cash and issued common stock to Mitchell Johnson. b) Paid $1, 200 for equipment to be used for plumbing repairs. c) Borrowed $15, 000 from a local bank and deposited the money in the checking account. d) Paid $400 in rent for the year. e) Paid $400 for plumbing supplies to be used on various jobs next year. f) Completed a plumbing repair for a law firm and received $3, 500. Calculate the amount of total assets at the end of the first year. Assume the plumbing supplies of $400 are left at the end of the year. $1, 600 $26, 000 $29, 100 $1, 200