An equation analysis of the transactions made during August 2018 (the first month of the fiscal year) by Cullumber Corporation is shown below. Each increase and decrease in shareholders' equity is explained. Assets Liabilities + Accounts Receivable Accum. Dep. Accounts Payable Common Shares Cash + + Supplies + Equipment + + B Jul. 31 Bal. $ 11,000 $ 2,600 $ 100 $ 11,000 $ 660 $ 2,400 $ 20,040 1, (1) 4,500 + 4,500 (2) (1,100) +4,600 +3,500 (3) (750) + 750 (4) 4,500 + 5,000 (5) ( 1,700) (1,700) (6) (2,004 ) (7) (810) (8) +490 (490) (9) (2,900) (10) (130) An equation analysis of the transactions made during August 2018 (the first month of the fiscal year) by Cullumber Corporation is shown below. Each increase and decrease in shareholders' equity is explained. Liabilities + Shareholders' Equity Retained Earnings Accum. Dep. Accounts Payable Common Shares Dividends Declared = + Bal. + Revenues Expenses Comments $ 660 $ 2,400 $ 20,040 $ 1,600 $0 common shares +4,500 + 3,500 service revenue +9,500 (1,700) (2,004) dividend (810) rent expense (2.900 salaries expense (9) (2,900) (10) (130) + (11) 1,300 (12) + 480 (13) (410) (2,900 ) salaries expense ( 130 ) utilities expense ( 1,300 ) depreciation expense + 480 (480) advertising expense (410) income tax expense Calculate the net income (loss) for the month of August. Net income (loss) $