Danks Co. was organized on April 1, 2010.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, 2010 for Danks Company.(c) Determine the amount that appears for John Danks, Capital at June 30,2010.

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Credits Debits $ 5,360 $ 700 Cash Accumulated Depreciation- Equipment Notes Payable Accounts Payable Salaries Payable Interest Payable Unearned Rent Accounts Receivable 480 720 Prepaid Rent Supplies Equipment John Danks, Drawing Salaries Expense Rent Expense Depreciation Expense Supplies Expense Utilities Expense Interest Expense 4.000 800 1.200 12.000 300 500 7.520 1,200 40 400 John Danks, Capital 11.200 700 Commission revenue 11.360 160 Rent revenue 690 410 $29,890 Total credits 40 $29.890 Total debits