11. (8 points) Changes in all of E's balance sheet accounts during the current year, EXCEPT the change in E's retained earnings account follow. Compute E's net income (or net loss) for the year assuming the only two entries E made to her retained earnings account during the year were for a cash dividend declared and paid of $50,000 and her net income (or net loss) for the year. (This is NOT a statement of cash flows problem - do NOT format it like a statement of cash flows problem.) Cash decreased Accounts receivable decreased Fixed assets increased Accumulated depreciation increased Accounts payable decreased Unearned revenue decreased Notes payable increased Common stock increased Additional paid-in-capital increased $250,000 $ 65,000 $165,000 $ 90,000 $120,000 $ 15,000 $ 80,000 $ 5,000 $100,000