Yang Co. was organized on April 1. 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 for Yang Company.c. Determine the amount of owner?s capital at June 30.

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Debit Credit $ 5,360 $ 700 Cash Accounts Receivable Supplies Prepaid Insurance Equipment Owner's Drawings Supplies Expense Depreciation Expense Insurance Expense Salaries and Wages Expense Rent Expense Utilities Expense Accumulated Depreciation-Equipment Notes Payable Accounts Payable Salaries and Wages Payable Owner's Capital Service Revenue 480 4,440 920 790 720 300 11,200 12,000 500 12,460 160 700 240 7,400 960 450 $29,890 $29,890