An analysis of the transaction made by Foley & co. a certified public accounting firm, for the month of August is shown below. Each decreases in stockholder equity is explained. Assets =Liabilities+ Stockholders equityCash + Acc. Rec+ Supplies+ Equipments Acc. Payable + Commonstock+ Retained EarningsRev- Exp- Div.1.$15002.-2000 +$5,000 +$30003.-750 +$7504.+400 +$4,500 +$9,4005.-1500 -15006. -2,000 -$2,0007.-850 -$8508. +450 -450 -3,9009. -3,900 -50010. +500a. Describe each transaction that occur for the montb. determine how much stockholder's equity increased for the monthc. compute the amount of net income for the month