At the beginning of the current fiscal year, the balance sheet of Cummings Co. showed liabilities of $435,000. During the year, liabilities decreased by $72,000, assets increased by $158,000, and paid-in capital increased by $21,000 to $372,000. Dividends declared and paid during the year were $128,000. At the end of the year, stockholders' equity totaled $752,000. Required: Calculate net income or loss for the year. (Amounts to be deducted should be indicated with a minus sign.) X Answer is not complete. Stockholders' Equity PIC RE Liabilities + + Beginning Assets $ 1,187,000 158,000 $ 435,000 + $ 351,000+ $ 401,000 X Changes (72,000) + 21,000 + + Ending $ 372,000 + $752,000 SE