A tabular analysis of the transactions made during August 2022 by Sheridan 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.		$22,100										$22,100
2.		1,600						$4,900		$3,300
3.		700				$700
4.		3,800		$6,100										$9,900					Serv. Rev.
5.		2,400								2,400
6.		2,600																$2,600
7.		730														$730			Rent Exp.
8.		490		490
9.		3,400														3,400			Salar. Exp.
10.										210						210			Util. Exp.

(b) Determine how much stockholders equity increased for the month.

Increase in stockholders equity		$enter a dollar amount

(c) Compute the net income for the month.

The net income		$enter a dollar amount