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		$2,540
Expenses:
Rent Expense	$500
Advertising Expense	$500
Wages Expense	$200	$1,200
Net Income		$1,340

TOPS IN TOPIARY - STATEMENT OF OWNER'S EQUITY FOR the month of MAY

Owner's Equity at May 1	$0
plus: Investment	2,000
plus: Net Income	1,340
less: Withdrawals	0
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:	Current Liabilities:
Cash	$1,380	Accounts Payable	$300
Accounts Receivable	$1,500	Advertising Payable	$500
Prepaid Rent	$ 500	Advances from Customers	$200
Prepaid Advertising	$ 500
Supplies	$ 100		$3,980
Equipment	$ 360	Owner's Equity	$3,340
Total Assets	$4,340	Total Liabilities & OE	$4,340

During June the following transactions occurred: 1) Completed a job for which the customer paid $500 in June. The invoice is for $1000. 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?

Between $1,000 and $1,499

Between $1,500 and $1,999

More than $3,000

Between $2,000 and $3,000

Less than $1,000