Current Attempt in Progress An analysis of the transactions made by Pharoah Company, a certified public accounting firm, for the month of August is as follows. Each increase and decrease in stockholders' equity is explained. Assets Liabilities + Stockh Accounts Accounts Cash Receivable Supplies Equipment Payable 1. +$16,000 Common Stock +$16,000 Revenues Expen 2 -2.500 +$5,000 +$2.500 3 -800 +$800 4 +3,400 +$4,200 5 -1,700 +$7.600 -1,700 6. -2.700 7 -700 -57 8 +450 -450 2. -3,900 10. -3.9 +500 -5 (b) Determine how much stockholders' equity increased for the month