X Company, a merchandiser, started business on June 1 . The following were June transactions: 1. Received $86,000 from a group of investors. 2. Bought $8,990 of merchandise, $3,888 for cash and $5,102 on account. 3. Sold merchandise for $21,800, of which $16,847 was for cash and $4,953 was on account; Cost of Goods Sold was 51% of sales. 4. Paid $3,437 to suppliers for merchandise previously bought on account. 5. Paid wages of $5,060. 6. Collected $2,865 from customers on account. 7. Paid $5,100 for rent in advance. 4. What were total liabilities on June 30 ? Tries 0/99 5. What were total equities on June 30 ? 6. What was net income in June [ignore adusting entries]