Figgaro Company's Accounts and Their Balances, as of the End

Figgaro Company's accounts and their balances, as of the end of August, are included below. All accounts have normal balances:
$\begin{array}{|l|c|l|c|}\hline \text { Accounts receivable } & \$ 36,000 & \text { Cash. } & \$ 27,00 \\\hline \text { Equipm ent ........... } & 59,000 & \text { Advertising expense. } & 5,000 \\\hline \text { Service revenues earned. } & 75,000 & \text { Accounts payable......... } & 31,000 \\\hline \text { Rent expense................ } & 3,600 & \text { J. Figgaro, Withdrawals.. } & 24,000 \\\hline \text { Office supplies......... } & 1,500 & \text { Salaries expense............ } & 30,000 \\\hline \text { Notes payable. } & 22,000 & \text { J. Figgaro, Capital. } & 58,100 \\\hline\end{array}$
a. Calculate net income.
b. Determine the amount of owner's equity to be shown on the August 31 balance sheet.