Blackburn Inc.'s trial balance follows:

Compute these amounts for Blackburn:
1. Total assets
2. Total liabilities
3. Net income or loss during June
4. Total shareholders' equity?

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Blackburn Inc. Trial Balance June 30, 2017 Debit Credit $ 6,000 13,000 4,000 22,000 50,000 3 Cash 4 Accounts receivable 5 Supplies 6 Equipment 7 Land 8 Accounts payable 19,000 20,000 10,000 8,000 70,000 9 Note 10 Share capital 11 Retained earnings 12 Service revenue 13 Salary ex 14 Rent expense 15 Interest 16 Total 17 21,000 10,000 1,000 127.000 $ 127,000