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 $23,000 to $224,000; paid-in capital increased by $33,000 to $179,000; and assets increased by $268,000. Dividends declared and paid during the year were $49,000. Required: Calculate net income or loss for the year. (Amounts to be deducted should be indicated with a minus sign.) Assets = Liabilities + = Beginning Changes 268,000 = 23,000 + Ending = $ 224,000 +