Johnson Waterworks Corporation provides plumbing services. Transactions during the first year of operations are provided below.

a) Received

$ 13 comma 000

cash and issued common stock to Mitchell Johnson.

b) Paid

$ 1 comma 800

for equipment to be used for plumbing repairs.

c) Borrowed

$ 14 comma 000

from a local bank and deposited the money in the checking account.

d) Paid

$ 400

in rent for the year.

e) Paid

$ 200

for plumbing supplies to be used on various jobs next year.

f) Completed a plumbing repair for a law firm and received

$ 3 comma 000

.

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.

$ 2 comma 000

B.

$ 1 comma 800

C.

$ 27 comma 000

D.

$ 29 comma 600