Regent Plumbing Corporation provides plumbing services. Selected transactions of Regent Plumbing Corporation are described as​ follows:
a) Completed a plumbing repair project for a local lawyer and received​ $3,500 cash.​b) Paid​ $5,000 cash for equipment to be used for plumbing repairs.​c) Borrowed​ $11,000 from a local bank and deposited the money in the checking account.​d) Paid​ $900 rent for the year.​e) Paid​ $200 cash for plumbing supplies to be used next year.​f) Completed a plumbing repair project for a local lawyer and received​ $3,000 cash.Calculate the net income. Assume plumbing supplies of​ $200 are left at the end of the accounting period. A. ​$700B. ​$2,100C. ​$2,800D. ​$3,000