HELP! Thought I can figure this one out but got it wrong. I have one more attempt. Exercise 3-4 A tabular analysis of the transactions made during August 2017 by Sandhill Co. during its first month of operations is shown below. Each increase and decrease in stockholders’ equity is explained. Assets Liabilities Stockholders’ Equity Retained Earnings (1) Com. Stock (2) (3) (4) Serv. Rev. (5) (6) Div. (7) Rent Exp. (8) (9) Salar. Exp. (10) 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 Assets= Liabilities+ Stockholders’ EquityCash+A/R+Supp.+Equip.=Accounts Payable+Common Stock+ Retained EarningsRevenues–Expenses–Dividends (1)$15,700$15,700 Com. Stock (2)–1,300$5,000$3,700 (3)–850$850 (4)4,300$6,400$10,700 Serv. Rev. (5)–2,400–2,400 (6)–2,600–$2,600 Div. (7)–870–$870 Rent Exp. (8)420–420 (9)–3,700–3,700 Salar. Exp. (10)270–270 Util. Exp. Solution b) Calculate stockholder\'s equity increase for the month : (c) Compute the net income for the month.Common stock15700Revenue10700Rent exp(870)Utilities exp(270)Salaries exp(3700)Dividend(2600)Increase in stockholder\'s equity18960.