An analysis of the transactions made by Sheridan Company, a certified public accounting firm, for the month of August is as follows. Each increase and decrease in stockholders' equity is explained. Assets Liabilities Stockh Accounts Accounts Common Cash + Receivable + Supplies + Equipment Payable + Stock + Revenues Expen 1 +$15,000 +$15,000 2. -1,500 +$4,500 +$3,000 3. -700 +$700 4. +4,100 +$3,600 5. -1,700 +$7,700 -1,700 6. -1,600 7. -650 -$6 B. +350 -350 9. -4,800 10. -4,8 +400 -4 (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 $