An analysis of the transactions made by Ivanhor & Co, a certified public accounting hem, for the month of August is shown as follow The expenses were $550 for rent $4,600 for salaries and wages, and $420 for utilities, Accounts Accounts Owner's Owner's Cash Receivable - Supplies - Equipment Payable Capital Drawings - Revenu $15,800 +$15.300 - 1,900 $5,300 $3400 1. 2 3 -700 5700 59.00 4. +3.300 $5,700 - 1,700 5. -1,700 - $1,200 6. -1,200 7 -550 8 +450 -450 9. -4.600 20 10 6. -1.200 51.200 7. -550 8. +450 -450 9. -4,600 10. +420 (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 MACBOOK