At the beginning of the current fiscal year, the balance sheet of Hughey Inc. showed stockholders' equity of $520,000. During the yea Wabilities increased by $25,000 to $221,000; paid.in capital increased by $37,000 to $177,000; and assets increased by $253,000 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 5520.000 SE Beginning Changes 253,000 25.000 37.000+ Ending 52210005 177000