Regent Plumbing Corporation provides plumbing services. Selected transactions of Regent Plumbing Corporation are described as follows: a) Received $6,000 cash and issued common stock to Sharon Regent. b) Paid $5,000 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 $700 rent for the year. e) Paid $200 cash for plumbing supplies to be used next year. 1) Completed a plumbing repair project for a local lawyer and received $6,000 cash. Calculate the net income. Assume plumbing supplies of $200 are left at the end of the accounting period. OA. $5,800 B. $500 Oc. $6,000 D. $5,300