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

Received $95,000 from a group of investors.

Bought $8,099 of merchandise, $3,924 for cash and $4,175 on account.

Sold merchandise for $21,000, of which $16,648 was for cash and $4,352 was on account; Cost of Goods Sold was 58% of sales.

Paid $3,333 to suppliers for merchandise previously bought on account.

Paid wages of $5,660.

Collected $2,687 from customers on account.

Paid $5,300 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]?