At the beginning of the current fiscal year, the balance sheet of Hughey Inc. showed stockholders' equity of $521,000. During the year, liabilities increased by $28,000 to $223,000; paid-in capital increased by $34,000 to $179,000; and assets increased by $251,000. Dividends declared and paid during the year were $47,000. 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 + $521,000 SE Beginning Changes 251,000 = 28,000 + 34,000 Ending $ 223,000 + $ 179.000