During $2025,$ Whisper Breeze Spa reported revenue of $$35,000.$ Total expenses for the year were $$17,000.$ Whisper Breeze Spa ended the year with total assets of $$48,000,$ and it owed debts totaling $$15,000.$ At year$-$end $2024,$ the business reported total assets of $$30,000$ and total liabilities of $$15,000.$

Requirements

Compute Whisper Breeze Spa's net income for $2025.$

Did Whisper Breeze Spa's stockholders' equity increase or decrease during $2025?$ By how much?

Requirement $1.$ Compute Whisper Breeze Spa's net income for $2025.$

Identify the formula and enter the amounts to determine net income. $$

$=$

Net Income $$

$=$ $ $18,000$

Requirement $2.$ Did Whisper Breeze Spa's stockholders' equity increase or decrease during $2025?$ By how much? $($Enter a decrease with a minus sign or parentheses.$)$

Increase $($decrease$)$ in stockholders' equity $=$