X Company, a merchandiser, started business on June 1. The following were June transactions:

Received $84,000 from a group of investors.

Bought $8,554 of merchandise, $3,269 for cash and $5,285 on account.

Sold merchandise for $22,100, of which $17,850 was for cash and $4,250 was on account; Cost of Goods Sold was 54% of sales.

Paid $3,529 to suppliers for merchandise previously bought on account.

Paid wages of $5,040.

Collected $2,981 from customers on account.

Paid $5,000 for rent in advance.

4. What were total liabilities on June 30?

5. What were total equities on June 30?

6. What was net income in June [ignore adusting entries]?