Regent Plumbing Corporation provides plumbing services. Selected transactions of Regent Plumbing Corporation are described as follows:

a) Received

$ 6 comma 000

cash and issued common stock to Sharon Regent.

b) Paid

$ 6 comma 000

cash for equipment to be used for plumbing repairs.

c) Borrowed

$ 8 comma 000

from a local bank and deposited the money in the checking account.

d) Paid

$ 900

rent for the year.

e) Paid

$ 300

cash for plumbing supplies to be used next year.

f) Completed a plumbing repair project for a local lawyer and received

$ 6 comma 000

cash.

Calculate the net income. Assume plumbing supplies of

$ 300

are left at the end of the accounting period.

A.

$ 5 comma 700

B.

$ 6 comma 000

C.

$ 5 comma 100

D.

$ 600