L Moving to another question will save this response. Question 7 Regent Plumbing Company provides plumbing services. The company is a sole proprietorship. Selected transactions of Regent Plumbing Company are described as follows: a) Sharon Regent, the owner, contributed $6000 cash in exchange for capital. b) Paid $4000 cash for equipment to be used for plumbing repairs. c) Borrowed $10,000 from a local bank and deposited the money in the checking account. d) Paid $700 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 $3000 cash. Calculate the net income. Assume plumbing supplies of $200 are left at the end of the accounting period. $2800 $3000 $500 $2300 Moving to another question will save this response. MacBook Pro 888 F3 # % & $ 4 2 3 5 6 7 8 9 W E R T U S D F G . J