A tabular analysis of the transactions made during August 2022 by Sunland Company during its first month of operations is shown below. Each increase and decrease in stockholders' equity is explained. Assets Stockholders' Equity Cash + A/R Liabilities Accounts Payable + Supp. + Equip. Common Stock + Retained Earnings Revenues Expenses Div 1. 2. $16,800 $16,800 -1.800 -550 $5,100 $3,300 3 $550 4. 4,300 $5.500 $9.800 5. -2,400 -2.400 -1.900 6. 7 -740 -$740 8. 380 -380 9. --3,600 -3,600 -250 250 10. Attempt in Progress ular analysis of the transactions made during August 2022 by Sunland Company during its first month of operations is shown Each increase and decrease in stockholders' equity is explained. Assets Stockholders' Equity = Liabilities + Accounts Payable A/R + Supp. + Equip Common Stock Retained Earnings Revenues Expenses Dividends $16,800 $5.100 $3,300 $550 $5,500 $9,800 Serv. Rev. -2.400 -$1,900 -$740 Rent Exp. -380 -3,600 Salar. Exp. Util. Exp. 250 -250 50 $550 30 $5,500 $9,800 10 -2,400 30 10 -$740 30 -380 10 -3,600 250 -250 (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 $