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

Debits Credits (LO 7)

Cash $ 5,190 Accumulated Depreciation— $ 700 Accounts Receivable 480 Equipment Prepaid Rent 720 Notes Payable 4,000 Supplies 920 Accounts Payable 790 Equipment 12,000 Salaries and Wages Payable 300 Dividends 500 Interest Payable 40 Salaries and Wages Expense 7,400 Unearned Rent Revenue 400 Rent Expense 1,200 Common Stock 11,200 Depreciation Expense 700 Service Revenue 11,360 Supplies Expense 160 Rent Revenue 900 Utilities Expense 380 Tatal credits $29,690 Interest Expense 40 SSS Total debits $29,690

(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 Phelps Company.

(c) Determine the amount that appears for Retained Earnings at June 30, 2014.