Assets = Liabilities + Stockholders’ Equity Cash + A/R + Supp. + Equip. = Accounts Payable + Common Stock + Retained Earnings Revenues – Expenses – Dividends (1) $21,400 $21,400 Com. Stock (2) –1,500 $5,100 $3,600 (3) –800 $800 (4) 4,100 $6,400 $10,500 Serv. Rev. (5) –2,000 –2,000 (6) –1,600 –$1,600 Div. (7) –850 –$850 Rent Exp. (8) 530 –530 (9) –2,500 –2,500 Salar. Exp. (10) 320 –320 Util. Exp. (b) Determine how much stockholders’ equity increased for the month. Increase in stockholders’ equity $ (c) Compute the net income for the month. The net income $