THE FOLLOWING INFORMATION APPLIES TO QUESTIONS 5 AND 6 BELOW Ryan & Wang Ltd is a company that commenced business on 1 April 2019. Below are the balances of assets and liabilities accounts at 30 April 2019: Supplies $560 Unearned revenue 300 Cash 70 Accounts payable 1,800 Inventory 3,500 Accounts receivable 2,400 Vehicles 12,000 Wages payable 960 During April Ryan & Wang Ltd made credit sales of $2,400 (cost of goods sold $1,000); received $300 from a customer for services that will be provided in May 2019; purchased inventory for $4,500, paid $2,700 and the rest will be paid in 30 days; purchased and paid $560 supplies, and expensed $960 in wages. 5. What is the balance of equity at 30 April 2019? a. $15,770 b. $14,950 c. $19,070 d. $15,470 e. $21,590 6. Profit according to accrual accounting is: a. $440 b. $1,440 c. $1,740 d. $(960) e. $(2,760)