Cullumber Company was organized on April 1. The company prepares quarterly financial statements. The adjusted trial balance amounts at June 30 are shown below.

Debit				Credit
Cash		$ 6,800		Accumulated DepreciationEquipment		$ 600
Accounts Receivable		680		Notes Payable		4,900
Supplies		800		Accounts Payable		700
Prepaid Insurance		1,200		Salaries and Wages Payable		400
Equipment		11,100		Owners Capital		12,880
Owners Drawings		500		Service Revenue		12,500
Supplies Expense		100				$31,980
Depreciation Expense		600
Insurance Expense		320
Salaries and Wages Expense		7,900
Rent Expense		1,480
Utilities Expense		500
		$31,980

Determine the net income for the quarter April 1 to June 30.

Net income

$enter the net income in dollars

eTextbook and Media

Determine the total assets and total liabilities at June 30, 2020, for Cullumber Company.

		Cullumber Company
Total assets		$enter a dollar amount
Total liabilities		$enter a dollar amount

eTextbook and Media

Determine the amount that appears for Owners Capital at June 30, 2020.

Owners capital, June 30

$enter the Owners capital at June 30 in dollars