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Assets Stockh Liabilities Accounts Common Accounts Stock + Revenues Expens * + $ 1 6 , 0 0 0 + $ 1 6 , 0
Assets
Stockh
Liabilities
Accounts
Common
Accounts
Stock
Revenues
Expens
$
$
$$
$
$
$
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 $
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