Susan starts a new word processing business with $5,000. She pays $450 in rent for the first month, pays $300 cash for office supplies, and $50 for phone usage. She also purchases $800 worth of resume paper. The business in the first month was a success, and she sold $1,800 worth of her word processing services, using $200 worth of resume paper. Given the above (and using the accounting equation Assets = Liabilities + Owners' Equity), determine the following:

•What was Susan's initial capital?
•What was her Net Income for the month?
•How much were her expenses?
•What are her total assets?
•What was Susan's revenue for the month?

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