An analysis of the transactions made by Concord Corporation, a certified public accounting firm, for the month of August is as follows. Assets Liabilities Stock Accounts Receivable Accounts Payable Cash + Supplies + Equipment + Common Stock $15,000 + Revenues Expe 1. 2. $15,000 -4,000 -700 $6,000 $2.000 3. $700 4. 3,700 $3,800 $7,500 5. - 1,600 6. - 1,600 -2,300 -700 7. - $ 8. 400 -400 9. -5,600 -5 10. 450 (b) Determine how much stockholders' equity increased for the month. Increase in stockholders' equity $ (c) Compute the amount of net income for the month. Net income $ Stockholders' Equity Retained Earnings Expenses - Dividends Service Revenue $2,300 - $700 Rent Expense -5,600 -450 Salaries/Wages Expense Utilities Expense