An analysis of the transactions made by White Stripes & Co., a law firm, for the month of July is shown below. Each increase and decrease in stockholders' equity is explained. 
Instructions
(a) Determine how much stockholders' equity increased for the month.
(b) Compute the amount of net income for the month.
Definitions:
Stimulus Response
A behavior model that suggests certain stimuli can elicit predefined responses from individuals.
Castrol GTX
A brand of motor oil designed to provide superior protection and performance for engines.
Dust Cover
A dust cover is a protective cover placed over objects, especially electronics or books, to prevent dust accumulation and potential damage.
Account Lists
A compiled list of clients or potential clients categorized for sales or marketing purposes.
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