The following financial statements were prepared at the end of the month of May TOPS IN TOPIARY-INCOME STATEMENT FOR the month of May Revenue Expenses: $2,540 Rent Expense $500 Advertising Expense $500 Wages Expense $200 $1,200 Net Incone $1,340 TOPS IN TOPIARY STATEMENT OF OWNER'S EQUITY FOR the month of MAY Owner's Equity at May 1 $ plus: Investment 2,000 plus: Net Income 1,340 less Withdrawals Owner's Equity at May 31 $3,340 TOPS IN TOPIARY-BALANCE SHEET AS OF MAY 31 ASSETS LIABILITES AND OWNER'S EQUITY Current Assets: Cash $1,380 Accounts Receivable $1,500 Prepaid Rent $ 500 Current Liabilities: Accounts Payable: $ 300 Advertising Payable $ 500 Advances from Customers $200 Prepaid Advertising $ 500 Supplies $ 100 $3,980 Equipment Total Assets $ 360 $4,340 Owner's Equity $3,340 Total Liabilities & OE $4,340 During June the following transactions occurred: Completed a job for which the customer paid $500 in June. The invoice is for $1,000. 2) Hire a helper and paid $1,000 for works done... 3) Paid $500 for the rent of July. 4) Purchased supplies for $500. At the end of June notices that there are $500 of supplies left 5) Orders new flyers for advertising. They will be ready in July but the printer asked to be paid in advance $100. 6) In June collected in cash $1,000 for 3 jobs are done for a total of $4,500, the rest is owed in account by the customers. 7) In June decided to start depreciating the equipment bought for $360 that is expected to last for 3 years. 8) Received an advancement of $2.000 from a customer for a job to be done in August. 9) Asked for a 5 years loan in the local bank for $4,000 and got it in June 7th 10) With the money of the loan purchased equipment for $4,200 it is expected that the equipment will last 5 years Prepare "T" Accounts in CASH Basis for the period ended on June 30th and then answer the questions At the end of the accounting period (June 30th, T account after AJE), what is the total of Owners Equity?