At the beginning of 2020, Tucker Corporation had assets of $350,000 and liabilities of $175,000. At the end of 2020, Tucker had assets of $450,000 and liabilities of $70,000. Its shareholders equity consisted of common shares and retained earnings.

required:

- Change in tuckers shareholders equity during 2020

- Net income or (loss) for 2020 (Assume that Tucker issued no additional common shares and declared no dividends)

- Net income or (loss) for 2020 (Assume that Tucker issued additional common shares for $40,000 cash and declared dividends totaling $22,000)