An analysis of the transactions made by Larkspur, Inc., a certified public accounting firm, for the month of August is shown below. Assets Liabilities + Stockholders' Equity Retained Earnings Accounts + + + Cash Receivable Supplies Equipment Accounts Payable Common 1. +$16,000 Stock +$16,000 Revenues Expenses Dividend 2. -2,500 +$5,500 +$3,000 3. -650 +$650 4. +3,300 +$4,300 +$7,600 Service Revenue 5. -1,000 -1,000 6. -2,100 7. -650 8. +550 -550 9. -5,800 10. +550 -$2,100 -$650 Rent Expense -5,800 Salaries/Wages Expense -550 Utilities Expense (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