Johnson waterworks company provides plumbing services. the company is a sole proprietorship. transactions during the first year of operations are provided below. a) the owner, mitchell johnson, contributed $14,000 cash in exchange for capital b) paid $1,100 for equipment to be used for plumbing repairs. c) borrowed $14,000 from a local bank and deposited the money in the checking account. d) paid $600 in rent for the year. e) paid $300 for plumbing supplies to be used on various jobs next year. completed a plumbing repair for a law firm and received $3,400. calculate the amount of total assets at the end of the first year. assume the plumbing supplies of $300 are left at the end of the year. oa. $28,000 o b. $1,100 oc. $1,400 d. $30,800