Lumina Company was organized on April 1, 2020. 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, 2020, for Lumina Company.

c. Determine the amount that appears for Retained Earnings at June 30, 2020.

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Debit Credit $ 5,360 Accumulated Depreciation- Equipment Cash 700 Accounts Receivable 480 720 Notes Payable 4,000 Prepaid Rent 920 Accounts Payable Supplies 790 12,000 Salaries and Wages Payable Equipment 300 500 Interest Payable Dividends 40 Salaries and Wages 7,400 Unearned Rent Revenue 400 Expense Rent Expense 1,200 Common Stock 11,200 Depreciation Expense 700 Service Revenue 11,360 Supplies Expense 160 Rent Revenue 1,100 Utilities Expense $29,890 410 Interest Expense 40 $29,890