Ming Company was organized on April 1, 2020. The company prepares quarterly financial statements. The adjusted trial balance amounts at June 30 are as follows.

a. Determine the net income for the quarter April 1 to June 30.
b. Determine the total assets and total liabilities at June 30, 2020, for Ming Company.
c. Determine the amount that appears for Owner€™s Capital at June 30, 2020.

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Debit Credit $ 5,360 Accumulated Depreciation- Equipment Notes Payable Accounts Payable Salaries and Wages Payable Interest Payable Cash $ 4,000 Accounts Receivable 580 700 Prepaid Rent Supplies Equipment Owner's Drawings Salaries and Wages Expense Rent Expense Depreciation Expense Supplies Expense Utilities Expense Interest Expense 1,120 920 790 12,000 300 500 40 7,400 Unearned Rent Revenue 400 Owner's Capital 1,200 11,200 11,360 700 Service Revenue 160 Rent Revenue 1,600 410 $30,390 40 $30,390