NBC Corporation provides plumbing services. Transactions during the first year of operations are provided below. a) Received $10,000 in cash and Issued common stock to NBC Corporation b) Pald $1,100 for equipment to be used for plumbing repairs. c) Borrowed $10,000 from a locet bank and deposited the money in the checking account d) Paid $500 in rent for the year e) Paid $100 for plumbing supplies to be used on various jobs next year. 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 $100 are left at the end of the year. Multiple Choice $20,000 $1,200 $1,100