Reliable Waterworks Corporation provides plumbing services. Transactions of Reliable Waterworks during the first year of operations are given below. Received $11,000 cash and issued common stock to Sharon. Paid $2,000 for equipment to be used for plumbing repairs. Borrowed $10,000 from a local bank and deposited the money in the checking account. Paid $300 in rent for the year. Paid $200 for plumbing supplies to be used on various jobs next year. Completed a plumbing repair for a law firm and received $3,000. Calculate the amount of total assets at the end of the first year. Assume the plumbing supplies of $3,000 are left at the end of the year. $23, 700 $21,000 $2, 200 $2,000