An analysis of the transactions made by Sandhill & Co., a certified public accounting firm, for the month of August is shown below. The expenses were $600 for rent, $5,300 for salaries and wages, and $360 for utilities.

		Cash	+	Accounts Receivable	+	Supplies	+	Equipment	=	Accounts Payable	+	Owners Capital		Owners Drawings	+	Revenues		Expenses
1.		+$14,000										+$14,000
2.		1,500						+$4,400		+$2,900
3.		750				+$750
4.		+3,400		+$4,800												+$8,200
5.		1,500								1,500
6.		2,000												$2,000
7.		600																$600
8.		+400		400
9.		5,300																5,300
10.										+360								360

(b) Determine how much owners equity increased for the month.

Net increase in owners equity

:____$

(c) Compute the amount of net income for the month.

Net income:___$

(Thank you <3)