Yang Co. was organized on April 1, 2017. The company prepares quarterly financial statements. The adjusted trial balance amounts at June 30 are shown below.

(a) Determine the net income for the quarter April 1 to June 30.
(b) Determine the total assets and total liabilities at June 30, 2017, for Yang Company.
(c) Determine the amount that appears for Owner’s Capital at June 30,2017.

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Debit Credit Cash Accounts Receivable Prepaid Rent Supplies Equipment Owners Drawings Salaries and Wages Expense Rent Expense Depreciation Expense Supplies Expense Utilities Expense Interest Expense Accumulated Depreciation- S 5,360 480 720 920 12,000 Equipment Notes Payable Accounts Payable Salaries and Wages Payable Interest Payable Unearned Rent Revenue $700 4,000 790 300 40 400 11,200 11,360 1,100 7,400 1,200 Owner's Capital 700 160 410 40 Service Revenue Rent Revenue $29,890 $29,890