Natal Co. was organized on April 1, 2011. 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, 2011, for Natal Company.
(c) Determine the amount that appears for Retained Earnings at June 30,2011.

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Debits Credits RS 5.360 480 720 Accumulated Depreciation- as Accounts Receivable Prepaid Rent Supplies Equipment Dividends Salaries Expense Rent Expense Depreciation Expense Supplies Expense Utilities Expense Interest Expense Total debits 12.000 500 7.520 1200 700 160 410 40 R$29.890 Equipmenu Notes Pavable Accounts Payable Salaries Pavable Interest Payable Unearned Rent Share Capital Ordinary Commission Revenue Rent Revenue Total credits R$ 700 4.000 1.200 300 40 400 11.200 11.360 690 R$29.890