Sara decides to open a pizza parlor near the local college campus that will operate as a corporation. Analyze the following transactions for the month of June 2013 the firms first month of business. Provide the balances for the accounts shown under required answers (below) for June 30, 2013.

1. total assets at June 30=
2. total liabilities at June 30=
3. total stockholders equity June 30=
4. net income for the month of June=
5. retained earnings as of June 30=
   1. sara invests $25,000 cash in exchange for common stock to start a pizza parlor business on June 1st.
   2. On June 1 purchased equipment for $4,000 paying $2,000 in cash and the remainder due in 30 days. This equipment will be depreciated over 5 years at a rate of $66 per month.
   3. June 2 purchased supplies for $1,200 cash. At the end of June, only $700 was left in supplies on hand account.
   4. Received a bill from campus news for $300 for Junes advertising in the campus newspaper
   5. Cash receipts from customers for Junes pizza sales amounted to $1,500
   6. Paid salaries of $200 to student workers in June
   7. Billed the Tiger football team $300 for pizzas ordered and delivered in June
   8. Paid $200 to campus news for advertising that was previously billed in transaction 4
   9. Sarah was paid dividends of $1,200
   10. Incurred utility expenses for month of June on account, $100
   11. Paid on June 1st $600 for a one-year insurance policy effective June 1st 2013
   12. Paid on June 30th $2000 for rent to cover the month of June and July (rent is $1000 per month)