A tabular analysis of the transactions made during August 2017 by Crane 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 $23,500 Com. Stock (1) $23,500 (2) 1,200 (3) 700 (4) 4,700 $6,200 (5) 2,300 (6) 2,100 7)-830 $4,900 $3,700 $700 $10,900 Serv. Rev -2,300 -$2,100Div -$830 Rent Exp. 450 -450 (9) 2,100 (10) -2,100 -310 Salar. Exp Util. Exp 310 (b) Determine how much stockholders' equity increased for the month Increase in stockholders' equity (c) Compute the net income for the month The net income