A tabular analysis of the transactions made during August 2012 by Nigel Company during its first month of operations is shown below. Each increase and decrease in stockholders?? equity is explained.

Instructions(a) Describe each transaction.(b) Determine how much stockholders?? equity increased for the month.(c) Compute the net income for themonth.

Stockholders' Equity Liabilities Assets Retained Earmings Accounts Common Stock A/R Rev. Div. Cash + Supp. Equip. Payable Exp. Com. Stock +$20,000 1. +$20,000 2. -1,000 -750 +$5,000 +$4,000 +$750 3. 4. 5. Serv. Rev. +4,100 +$5,400 +$9,500 -1,500 -1,500 -$2,000 Div. Rent Exp. 6. -2,000 - 800 +450 -$ 800 7. 8. -450 -3,000 - 300 Sal. Exp. Util. Exp. 9. -3,000 10. +300