abled: ASSIGNMENTS - CHAPTERS 8 Sud At the beginning of the current fiscal year, the balance sheet of Hughey Inc. showed stockholders' equity of $526,000. During the year, llabilities increased by $23,000 to $239,000: pald-in capital increased by $31,000 to $173,000; and assets increased by $269,000. Dividends declared and paid during the year were $58,000. Required: Calculate net income or loss for the year. (Amounts to be deducted should be indicated with a minus sign.) Stockholders'Equity RE Assets Liabilities PIC S526,000 SE Beginning Changes 269,000 23,000 31,000+ Ending $ 239,000 $ 173,000 Nexus