At the beginning of the current fiscal year, the balance sheet of Hughey Inc. showed stockholders' equity of $528,000. During the year, liabilities increased by $22,000 to $238,000; paid-in capital increased by $30,000 to $177,000; and assets increased by $252,000. Dividends declared and paid during the year were $60,000. 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 + + + + $528,000 SE Beginning Changes 252,000 = 22,000 + 30,000 + Ending $ 238,000 + $ 177,000 + The balance sheet caption for common stock is the following: Common stock, $4 par value, 2,030,000 shares authorized, 1,340,000 shares issued, 1,200,000 shares outstanding $? Required: a. Calculate the dollar amount that will be presented opposite this caption. b. Calculate the total amount of a cash dividend of $0.17 per share. c. What accounts for the difference between issued shares and outstanding shares? a. Amount b. Cash dividend C. Difference between issued shares and outstanding shares