ARAPIK Stockholders' Equilly Cash Accounts Common Retained Earni Receivable + Supplies + Equipment = Payable Stock Exp. 1. +$15,000 +$15.000 -2.003 +$5.000 +$3.000 -750 +$750 4. +4,900 +$4,500 #$9.400 -1.500 -1.500 -1,000 -850 -5850 +450 -450 -3,900 -3,900 in +500 -500 Instructions Describe each transaction that occurred for the month. [b) Determine how much stockholders" equity increased for the month. [c) Compute the amount of net income for the month