Calculate the total revenue and expenses for the month of June 2019, given the following:

(i) Credit sales of $200 000 made in June; 50 per cent to be collected in June.

(ii) Cash sales of $300 000.

(iii) Received $20 000 as a deposit from a customer in June for a job to be carried out in July.

(iv) Paid salaries of $40 000; $10 000 related to work carried out in May and $30 000 related to June work.

(v) Paid rent for the month of June of $6000 on 7 June.

(vi) Received a bill for $1500 from an electrician for work done on 20 June. This will be paid next month.