An analysis of the transactions made by Crane & Co., a certified public accounting firm, for the month of August is shown below. The expenses were $700for rent, $5,200for salaries and wages, and $370for utilities.

Cash

+Accounts

Receivable

+Supplies

+Equipment

=Accounts

Payable

+Owner's

Capital

-Owner's

Drawings

+Revenues

-Expenses

1.+$15,600+$15,6002.-700+$4,200+$3,5003.-700+$7004.+4,300+$3,800+$8,1005.-1,700-1,7006.-2,800-$2,8007.-700-$7008.+550-5509.-5,200-5,20010.+370-370

(b)

Determine how much owner's equity increased for the month.

Net increase in owner's equity$