An analysis of the transactions made by Monty Corp., a certified public accounting firm, for the month of August is shown below. Lubiliti Accounts Cash Receivable Supplies Equipment Accounts Payable + Common Stock + Revenues Expens 1. +$16,000 +$16,000 2. -3,000 +$5,000 +$2,000 3. -650 +$650 4. +5,700 +$3,600 5. -1,500 +$9,300 -1,500 6. -2,800 7. -600 -$6 8. +350 -350 9. -4,600 10 10. -4,61 +350 -3 (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