An analysis of the transactions made by Blossom \& Co., a certified public accounting firm, for the month of August is shown as follows The exnenses were $750 for rent $5.200 for calaries and wages and $400 for utilities Net increase in owner's equity $ An analysis of the transactions made by Blossom \& Co., a certified public accounting firm, for the month of August is shown as (b) Determine how much owner's equity increased for the month. Net increase in owner's equity $ (c) Compute the amount of net income for the month. Net income $