An analysis of the transactions made by Carla Vista & Co., a certified public accounting firm, for the month of August is shown below. The expenses were $ 600 for rent, $ 4,000 for salaries and wages, and $ 350 for utilities.

		Cash	+	Accounts Receivable	+	Supplies	+	Equipment	=	Accounts Payable	+	Owners Capital		Owners Drawings	+	Revenues		Expenses
1.		+$ 14,300										+$ 14,300
2.		1,400						+$ 4,300		+$ 2,900
3.		800				+$ 800
4.		+ 5,600		+$ 3,500												+$ 9,100
5.		1,000								1,000
6.		2,900												$ 2,900
7.		600																$ 600
8.		+ 350		350
9.		4,000																4,000
10.										+ 350								350

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

Net increase in owners equity

$

(c) Compute the amount of net income for the month.

Net income

$