Blossom Company was organized on April 1, 2020. The company prepares quarterly financial statements. The adjusted trial balance amounts at June 30 are shown below, 900 Cash Accounts Receivable Prepaid Rent Supplies Equipment Owner's Drawings Salaries and Wages Expense Rent Expense Depreciation Expense Supplies Expense Utilities Expense Interest Expense Debit Credit $ 6,900 Accumulated Depreciation-Equipment $ 700 580 Notes Payable 4,000 1,100 Accounts Payable 900 Salaries and Wages Payable 400 11,300 Interest Payable 60 400 Unearned Rent Revenue 300 7,500 Owner's Capital 11,880 1,300 Service Revenue 11,600 700 Rent Revenue 1,400 $31,240 400 60 $31,240 (a) Your answer is correct. Determine the net income for the quarter April 1 to June 30. Net Income 2,940 (b) Determine the total assets and total liabilities at June 30, 2020, for Blossom Company. Yang Company Total assets Total liabilities $