1. Suzana opened a Divine Creations Company on 1 June 2020, a company that provides craft opportunities by investing RM20,000 cash in the business.

Following are the accounts come from the ledger of the company at 30 June 2020.

RM

Accounts receivable 4,000

Sales all credit) 120,000

Service revenue 95,000

Salaries expense 42,000

Accounts payable 22,000

Suzana, Drawing 8,000

Equipment 88,000

Short term debt 2,000

Notes payable 19,000

Cost of goods sold 58,000

Insurance expense 3,000

Gas and oil 6,000

Craft supplies 65,000

Cash 7,000

Calculate the followings:

a. Net income.

b. Non-current assets.

c. Total liabilities.

d. Owners equity