A tabular analysis of the transactions made during August 2014 by Colaw Company during its first month of operations is shown below. Each increase and decrease in stockholders equity is explained.

Assets	=	Liabilities	+	Stockholders Equity
Cash	+	A/R	+	Supp.	+	Equip.	=	Accounts Payable	+	Common Stock	+	Retained Earnings
Revenues		Expenses		Dividends
(1)	$20,800	$20,800	Com. Stock
(2)	1,300	$5,000	$3,700
(3)	650	$650
(4)	4,000	$6,070	$10,070	Serv. Rev.
(5)	1,970	1,970
(6)	1,260	$1,260	Div.
(7)	900	$900	Rent Exp.
(8)	550	550
(9)	3,200	3,200	Salar. Exp.
(10)	390	390	Util. Exp.

Determine how much stockholders equity increased for the month.

Increase in stockholders equity

$

Compute the net income for the month.

The net income

$