Lumina Co. was organized on April 1, 2014. The company prepares quarterly financial statements. The adjusted trial balance amounts at June 30 are shown below.

(a) Determine the net income for the quarter April 1 to June 30.
(b) Determine the total assets and total liabilities at June 30, 2014 for Lumina Company.
(c) Determine the amount that appears for Owner€™s Capital at June 30,2014.

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Debit Credit 5,360 Accumulated Depreciation- Cash Accounts Receivable Prepaid Rent Supplies Equipment Owners Drawings Salaries and Wages Expense Rent Expense Depreciation Expense Supplies Expense Utilities Expense Interest Expense 480 720 Notes Payable 920 Accounts Payable Equipment 700 4,000 790 300 40 400 1,200 11,360 1,100 $29,890 12,000 Salaries and Wages Payable 500 Interest Payable 7,400 1,200 Unearned Rent Revenue Owner's Capital 700 Service Revenue 160 Rent Revenue 410 40 $29,890