X Company started business on June 1 and prepares monthly financial statements. The following were June transactions 1. received $49,000 from a group of investors 2. bought $8,782 of merchandise, $3,001 for cash and $5,781 on account 3. sales were $10,800, of which 835,855 were for cash and $4,945 were on account; Cost of Goods Sold was $22.032 4. paid $3,810 to suppliers for merchandise previously bought on account 5. collected $2,938 from customers on account 6. paid expenses totalling $6,607 8 pt 4. What were total assets on June 30? 4. AO $20,708 BO $30,027 CO 843,539 DO 863,182 EO $91,541 FO $132,735 8 pt 5. What was Net Income in June? 5. AO 86,490 BO $7,593 CO 88,884 DO $10,391 EO $12,161 FO $14,228