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:
Striations
Linear marks, slight ridges, or grooves on a surface, often characteristic of muscle fibers or certain types of rock.
Epithelial
Pertaining to the epithelium, a layer of cells covering the body surfaces, lining body cavities and forming many glands.
Connective
Often refers to connective tissue in biology, which supports, binds together, or separates other tissues or organs of the body.
Mucus
A slippery secretion produced by, and covering, mucous membranes primarily in the respiratory, digestive, and reproductive systems, aiding in protection and lubrication.
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