You start a business.

-First, you contribute $10,000 to the business as the sole owner of the business, which you have decided to incorporate. So you now own all the shares of stock.

-During the first month, you purchase computer and office equipment for $5,000.

-You render teaching services at $25 per hour. Your teacher for 40 hours during the month. 90% of this was paid for during the month. The other 10% is owed to you.

-Your other expenses for advertising and office stuff total $600 of which you have paid half.

a. At the end of the month, how much was your cash balance?

b. At the end of the month, how much were the companys total assets? (stuff the company had)

c. What was the income or loss for the month?