please show me and explain step by step how i would find the total stockholder's equity and net income .

Use the following information to answer the next two questions: A company had the following transactions during September, the first month of its operations: Issued 20,000 shares of common stock in exchange for $400,000 Purchased equipment for $200,000, using a $100,000 cash down payment and signing a note payable for the balance Received $1,000 from a customer for services to be performed in November Made a $30,000 payment on the note payable from the purchase of the land. Total monthly sales: Cash sales $50,000 Credit Sales (Acct. Receivable): 518,000 Purchased supplies on credit for $23,000 Collected $8,000 from customers on account Paid $2,500 for September employee wages. Received a utility bill for $500 which will be paid next month, What is the balance in the cash account at the end of September? What is net income for the month of September? Select one: a. 154,500 b. 77,500 O c. 65,000 Od. 69,500 e. 73,000 What is total stockholders' equity at the end of September? Select one: a. 468,000 b. 400,000 C. 447,000 d. 465,000 e. 559,500