Regent Plumbing Corporation provides plumbing services Selected transactions of Regent Plumbing Corporation are described as follows: a) Received $8.000 cash and issued common stock to Sharon Regent b) Paid 55.000 cash for equipment to be used for plumbing repairs c) Borrowed $12.000 from a local bank and deposited the money in the checking account d) Paid $800 rent for the year e) Paid $400 cash for plumbing supplies to be used next year. Completed a plumbing repair project for a local lawyer and received 56,000 cash Calculate the net income Assume plumbing supplies of $400 are left at the end of the accounting period O A $6.000 OB. 55200 OC. 5400 OD. 55.600