X Company was created on September 1 and prepares monthly financial statements. During September, the company had the following transactions:

1. Received $92,000 from a group of investors and received a $83,000 loan from the bank.
2. Bought $8,174 of merchandise, $3,402 for cash and $4,772 on account.
3. Bought equipment costing $9,600, paying the manufacturer $5,100 in cash and promising to pay the remaining $4,500 next month.
4. Sold merchandise for $21,260, of which $16,742 was for cash and $4,518 was on account; cost of the merchandise was $10,630.
5. Paid $3,864 to suppliers for merchandise previously bought on account.
6. Collected $2,500 from customers on account.
7. Paid wages of $5,380.
8. Paid a total of $551 for rent and insurance in advance.
9. Recorded depreciation of $1,850.
10. Recordedatotalof$113forrentandinsurancethathadexpired.

WhatweretotalequitiesonSeptember30?

WhatwasNetIncomeinSeptember?