The income statement for the month of June, 2014 of Camera Obscura Enterprises contains the following information:

Revenues	$7,000
Expenses:
Salaries and Wages Expense	$3,000
Rent Expense	1,500
Advertising Expense	800
Supplies Expense	300
Insurance Expense	100
Total expenses	5,700
Net income	$1,300

At June 1, 2014, Camera Obscura reported owners equity of $35,000. The company had no owner drawings during June. At June 30, 2014, the company will report owners equity of

$36,300.

$42,000.

$29,300.

$35,000.