1 At the beginning of the current fiscal year, the balance sheet of Hughey Inc. showed stockholders' equity of $594,000. During the year, Wabilities increased by $28,000 to $231,000; paid-in capital increased by $39,000 to $170,000; and assets increased by $262,000 Dividends declared and paid during the year were $64,000. Required: Calculate net income or loss for the year. (Amounts to be deducted should be indicated with a minus sign) 111 Doints eBook Stockholders' Equity PIC RE Assets Llabilities Print $514,000 SE Beginning Changes 262.000 28.000 39,000 References Ending $ 231,000 $ 170,000