The income statement for the month of June 2016 of Snap Shot, Inc. contains the following information:

Revenues $7,300

Expenses:

Salaries and Wages Expense $3,000

Rent Expense 1,300

Advertising Expense 700

Supplies Expense 200

Insurance Expense 100

Total expenses 5,300

Net income $2,000

On June 1, 2016, SnapShot reported owners equity of $36,000. The company had no owner drawings during June. On June 30, 2016, the company will report owners equity of:

Select one:

a. $30,700.

b. $38,000.

c. $43,300.

d. $36,000.