Regent Plumbing Company provides plumbing services. The company is a solo proprietorship. Selected transactions of Regent Plumbing Company are described as follows: a) Sharon Regent, the owner, contributed $8,000 cash in exchange for capital b) Pald $5,000 cash for equipment to be used for plumbing repairs. c) Borrowed $8,000 from a local bank and deposited the money in the checking account d) Paid 5600 rent for the year. e) Paid 5400 cash for plumbing supplies to be used next year Completed a plumbing repair project for a local lawyer and received $5,000 cash Calculate the net income. Assume plumbing supplies of $400 are left at the end of the accounting period O A. $4.400 OB. $200 C. $4,600 O D. $5,000