McCoy Corporation provides plumbing services. Transactions during the first year of operations are provided below. a) Received $14,000 cash and issued common stock to Sharon McCoy. b) Paid $1,900 cash 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 $600 rent for the year. A e) Purchased $300 of office supplies by cash. f) Completed a plumbing repair project for a local lawyer and received $2,900 cash. Calculate the amount of total liabilities at the end of the first year.

McCoy Corporation provides plumbing services. Transactions during the first year of operations are provided below a) Received $14,000 cash and issued common stock to Sharon McCoy b) Paid \$1,900 cash 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 $600 rent for the year. e) Purchased $300 of office supplies by cash. f) Completed a plumbing repair project for a local lawyer and received $2,900cash. Calculate the amount of total liabilities at the end of the first vear