A tabular summary of the transactions for lvanhoe & Co.,an accounting firm,for its first month of operations, July 2024,follows: B. B. Accounts Prepaid Accounts Ivanhoe, Ivanhoe, Cash Receivable Insurance + Equi Equipment Payable Capital - Drawings Revenues - Expenses 18,000 $5,000 $23,000 -4,000 8,000 $4,000 -750 $750 3.500 $3.000 $6,500 -2.000 -2,000 -2.800 -$2,800 -800 -$800 1.350 -1,350 -3.600 -3,600 575 -575 (b) Calculate the amount of profit for the month. Profit $ calculate the increase in owner's equity for the month. incresae in owner equity$