At the beginning of the current fiscal year, the balance sheet of Hughey inc showed stockholders' equity of $523,000. During the year liabatles increased by $25,000 to $237000; paid-in capital increased by $31,000 to $177,000, and assets increased by $254.000. Dividends declared and paid during the year were $55,000 Required: Calculate net income or loss for the year (Amounts to be deducted should be indicated with a minus sign.) Stockholders' Equity PIC RE Assets Liabilities $523,000 SE Beginning Changes 254 000 25,000 31,000+ Ending $ 237,000 $ 177.000 w