Johnson Waterworks Corporation provides plumbing services. Transactions during the first year of operations are provided below. a) Received $14,000 cash and issued common stock to Mitchell Johnson b) Paid $1.400 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 $400 in rent for the year. e) Paid $100 for plumbing supplies to be used on various jobs next year. 1) Completed a plumbing repair for a law firm and received $2,900. Calculate the amount of total assets at the end of the first year. Assume the plumbing supplies of $100 are left at the end of the year. A. $1,400 B. $1,500 C. $27,500 D. $25,000