Current Attempt in Progress An analysis of the transactions made by Windsor, Inc., a certied public accountingrm, for the month of August is shown below. Assets 2 Liabilities+ Stockholders' Equity Accounts Accounts Common Retained Earnings Cash + Receivable + Supplies + Equipment = Payable + Stock + Revenues Expenses Dividend 1L +$14,000 +$14,000 2' 3,500 +$S,SOO +$2,000 3. 700 +$700 4' +4,200 +$4,200 +$8,400 Service Revenue 5' 1,300 1,300 6. 1,000 $1,000 7. 550 $550 Rent Expense 8' +400 400 9. 4,700 4,700 Salaries/Wages Expense 10. +700 700 Utilities Expense (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 $