X Company, a merchandiser, started business on June 1 . The following were June transactions: 1. Received $100,000 from a group of investors. 2. Bought $8,516 of merchandise, $3,638 for cash and $4,878 on account. 3. Sold merchandise for $20,400, of which $15,757 was for cash and $4,643 was on account; Cost of Goods Sold was 55% of sales. 4. Paid $3,279 to suppliers for merchandise previously bought on account. 5. Paid wages of $5,830. 6. Collected $2,659 from customers on account. 7. Paid $5,000 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]