The Income Statement for the Month of June, 2010 of Ramirez

Multiple Choice

The income statement for the month of June, 2010 of Ramirez Enterprises contains the following information: At June 1, 2010, Ramirez reported owner's equity of $35,000. The company had no owner drawings during June. At June 30, 2010, the company will report owner's equity of

A) $35,000.
B) $42,000.
C) $38,400.
D) $31,600.