Use the following information to answer questions Q7-Q9. Skolnick Co. was organized on April 1, 2017. The company prepares quarterly financial adjusted trial balance amounts at June 30 are shown below. statements. Debit Credit Cash 600 N ated Depreciation-Equipment s 000 unts Receivable Prepaid Rent Supplies 900 Accounts Payable 1.000 Salaries and Wages Payable 1,510 400 Equipment Dividends Salaries and Wages Expense Rent Expense 15,000 Interest Payable 600 Unearned Rent Revenue 50 500 9,400 Common Stock 14.000 1,500 Retained Earning 14.200 xpense Supplies Expene Utilities Expense Interest Expense ue 200 Rent Revenue 800 510 50 $37,310 $37.310 Q7 Determine the net income for the quarter April 1 to June 30. A. S15,000 B. S2,480 C. S2,490 D. S12,510 Q8 Determine the total assets and total liabilities at June 30, 2017, for Skolnick Co. A. Total assets are $24,200 and total liabilities are $7,410. B. Total assets are $23,350 and total liabilities are $7,460. C. Total assets are $22,500 and total liabilities are $7,360. D. None of the above numbers are correct. Q9 Determine the balance in Retained Earnings at June 30, 2017. A. S2.490 B. S1.880 C. S3.090 D. S1,890