At the beginning of the current fiscal year, the balance sheet of Cummings Co. showed liabilities of $430,000. During the year, liabilities decreased by $76,000; assets increased by $150,000; and paid-in capital increased by $21,000 to S387,000 Dividends declared and paid during the year were $128,000. At the end of the year, stockholders' equity totaled S75. Required: Calculate net income or loss for the year. (Amounts to be deducted should be indicated with a minus sign.) Stockholders' Equity Assets Liabilities PIC+ RE Beginning Changes150,000(76,000)21,000+ 430,000+ Ending$387000 $754,000 SE +S387,000+