Sharon Samson starts a plumbing service named Reliable Waterworks. Selected transactions are described as follows: A) B) C) D) Sharon deposits $7,000 into a new checking account for the business, recording the capital contribution. Reliable pays $4,000 cash for equipment to be used for plumbing repairs. Reliable borrows $15,000 from a local bank and deposits the money in the checking account. Reliable pays $600 rent for the first month. Reliable pays $400 cash for plumbing supplies to be used on various jobs in the future. Reliable completes a plumbing repair project for a local lawyer and receives $1,300 cash. Sharon takes a cash withdrawal of $2,500. E) F) G) After all of the transactions, what is the amount of total assets? Your answer: O $25,700 O $5,200 $24,200 o $20,200