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 $1,000 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 $600 in rent for the year e) Paid $200 for plumbing supplies to be used on various jobs next year Calculate the amount of total assets at the end of the first year. Assume the plumbing supplies of $200 are left at the end of the year. A. $24,800 B. $1,000 C. $22,000 D. $1,200 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 Mitchel Johnson b) Paid $1,000 for equipment to be used for plumbing repairs. c) Borrowed $11,000 from a local bank and deposiled the money in the checking account d) Paid $600 in rent for the year e) Paid $200 for plumbing supplies to be used on various jobs next year Calculate the amount of total assets at the end of the first year. Assume the plumbing supplies of $200 are left at the end of the year A. $24,800 B. $1,000 C. $22,000 D. $1,200