A tabular analysis of the transactions made during August 2014 by Baxter Company during its first month of operations 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 net income for the month.
Definitions:
Leadership Theories
Various concepts and models that seek to explain how leaders can effectively guide, influence, and motivate their followers.
Characteristics
Distinctive features or qualities that define a person, object, or phenomenon.
Followers
Individuals who support and are guided by a leader or who are part of a group led by someone.
Prescriptive Leadership
Prescriptive leadership involves providing guidelines, rules, or advice to followers about what their behavior should be in various situations to achieve desired outcomes.
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