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Question 15 Not yet answered Victor Vardy owns Ever-Plumb Waterworks which provides plumbing service. Transactions of Ever-Plumb Waterworks during the first year of operations are given below: - Victor contributed $14,000 into a new checking account for the business and recorded capital contribution. Marked out of 1.00 Flag question - Paid $2,000 for equipment to be used for plumbing repairs. - Borrowed $16,000 from a local bank and deposited the money in the checking account. - Paid $600 as rent for the year. - Paid $500 for plumbing supplies to be used on various jobs in the future. - Completed a plumbing repair project for a local lawyer and received $3,500. Calculate the amount of total assets balance at the end of the first year. Select one: O $31,900 $29,000 O $32,900 O $2,000 O $2,500