Exercise 3-4 A tabular analysis of the transactions made during August 2014 by Colaw Company during its first month of operations is shown below. Each increas equity is explained. Cash + A/R + Supp.+ Equip, Accounts payable+ Common Stock + Retained Earnings (1) $21,730 $21,730 Com. Stock 1,500 $5,000 $3,500 (3) -870 (4) 4,860 $5,810 (5) -2,240 (6) -2,070 (7) -740 $870 $10,670 Serv. Rev -2,240 -$2,070Div -$740 Rent Exp. 540 -540 (9) -2,140 (10) -2,140 -360 Salar. Exp Util. Exp. 360 Determine how much stockholders' equity increased for the month Increase in stockholders equity Compute the net income for the month. The net income