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Regent Plumbing Company provides plumbing services. Selected transactions of Regent Plumbing Company are described as follows: a ) Received $ 9 , 0 0 0

Regent Plumbing Company provides plumbing services. Selected transactions of Regent Plumbing Company are described as follows:
a) Received $9,000 cash from the owner Sharon Regent, as capital.
b) Paid $4,000 cash for equipment to be used for plumbing repairs.
c) Borrowed $9,000 from a local bank and deposited the money in the checking account.
d) Paid $700 rent for the year.
e) Paid $400 cash for plumbing supplies to be used next year.
f) Completed a plumbing repair project for a local lawyer and received $6,000 cash.
Calculate the net income. Assume plumbing supplies of $400 are left at the end of the accounting period.
A. $5,300
B. $5,600
C. $300
D. $6,000
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