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:
Better Than Anticipated
Results or outcomes that surpass the expected or forecasted standards.
Desired Situation
The optimal state or condition that a person, group, or organization aims to achieve in the future.
Actual Situation
The real and current state of affairs or conditions, as opposed to theoretical considerations or expectations.
Financial Bottom Line
A reference to the net income, profit, or loss reported at the bottom of a company's income statement.
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