An analysis of the transactions made by Swifty Corporation, a certified public accounting firm, for the month of August is as follo Liabilities + SI Assets Accounts Receivable + Supplies + Accounts Payable Common Stock + Equipment + + Revenues E 1. $15,000 $5,000 $2,500 $650 $4,000 $8.500 Cash $15.000 -2,500 -650 4,500 - 1.200 -2,700 -700 400 -4,200 2. 3. 4. 5. 6. 7. 8. 9. 10. -1,200 -400 600 transactions made by Swifty Corporation, a certified public accounting firm, for the month of August is as follows. Liabilities Accounts Payable Stockholders' Equity Retained Earnings Expenses Dividends nt Common Stock $15.000 + + Revenues DO $2,500 $8,500 Service Revenue - 1,200 -$2,700 -$700 Rent Expense -4,200 -600 Salaries/Wages Expense Utilities Expense 600 (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 $