A tabular analysis of the transactions made during August 2022 by Crane Company during its first month of operations is shown below. Each increase and decrease in stockholders' equity is explained. Assets = Liabilities + Stockholders' Equity Retained Earnings Cash + A/R + Supp. + Equip. = Accounts Payable + Common Stock + Revenues - Expenses - Dividends 1. $22,800 $22,800 -1,400 $5,000 $3,600 -800 $800 3,400 $6,100 $9,500 Serv. Rev. -2,100 -2,100 -2,500 -$2,500 -$860 Rent Exp. -860 430 -2,000 -430 9. Salar. Exp. -2,000 -310 310 Util. Exp. (b) Determine how much stockholders' equity increased for the month. Increase in stockholders' equity $ 5,600 (c) Compute the net income for the month. The net income $ 6,840