X Company, a merchandiser, started business on June 1 . The following were June transactions: 1. Received $83,000 from a group of investors. 2. Bought $8,623 of merchandise, $3,192 for cash and $5,431 on account. 3. Sold merchandise for $21,300, of which $16,406 was for cash and $4,894 was on account; Cost of Goods Sold was 55% of sales. 4. Paid $3,971 to suppliers for merchandise previously bought on account. 5. Paid wages of $5,130. 6. Collected $2,936 from customers on account. 7. Paid $5,700 for rent in advance. 4. What were total liabilities on June 30 ? Tries 0/99 5. What were total equities on June 30 ? Tries 0/99 6. What was net income in June [ignore adusting entries]