Assets =1 Liabilities + Stockho Accounts Cash + Receivable + Supplies + Equipment Accounts Payable Common + Stock + Revenues Expens 2 +$16,000 1. +$16,000 2. -2,000 +$4,500 +$2,500 3. -650 +$650 +$7.900 4. +3,400 +$4,500 5. -1,000 -1,000 6. -2,100 $5 7. -550 8. +450 -450 19 -5,700 10. +600 -5,7 61 (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 $