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The income statement for the month of June, 2020 of Whispering, Inc. contains the following information: Revenues $7140 Expenses: Salaries and Wages Expense $2940 Rent

The income statement for the month of June, 2020 of Whispering, Inc. contains the following information:

Revenues $7140
Expenses:
Salaries and Wages Expense $2940
Rent Expense 1510
Advertising Expense 770
Supplies Expense 280
Insurance Expense 90
Total expenses 5590
Net income $1550

At June 1, 2020, Whispering reported owners equity of $35600. The company had no owner drawings during June. At June 30, 2020, the company will report owners equity of

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