At the beginning of the current fiscal year, the balance sheet of Cummings Co. showed liabilities of $219,000. During the year, liabilities decreased by $36,000; assets increased by $77,000; and paid-in capital also increased by $10,000 to $190,000. Dividends declared and paid during the year were $62,000. At the end of the year, owners' equity totaled $379,000. Required: Calculate net income or loss for the year. (Negative amount should be indicated by a minus sign. Leave no cells blank - be certain to enter "0" wherever required. Omit the "$" sign in your response.) OE A = L + PIC + RE Beginning $ = $ + $ + $ Changes = + + = + + Ending $ = $ + $ + $