X Company, a merchandiser, started business on June 1. The following were June transactions: Received $87,000 from a group of investors. Bought $8,885 of merchandise, $3,925 for cash and $4,960 on account. Sold merchandise for $20,000, of which $15,109 was for cash and $4,891 was on account; Cost of Goods Sold was 54% of sales. Paid $3,315 to suppliers for merchandise previously bought on account. Paid wages of $5,100. Collected $2,700 from customers on account. Paid $5,900 for rent in advance.

5. What were total equities on June 30?