An analysis of the transactions made by Splish Brothers Inc., a certified public accounting firm, for the month of August is shown below. Assets Liabilities + Stockholders' Equity Retained Earnings + Accounts Receivable + + + Common Stock Accounts Payable + Cash Supplies Equipment Revenues Expenses Dividend 1. +$15,000 2. +$15,000 -2,500 -800 +$4,500 +$2,000 3. +$800 +$4,600 +$8,500 Service Revenue 5. +3,900 -1,700 -2,400 -1,700 6. 7. -$2,400 Rent Expense -550 -$550 8. +450 -450 9. -5,600 -5,600 Salaries/Wages Expense Utilities Expense 10. +400 -400 (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