At the beginning of the current fiscal year, the balance sheet of Cummings Co. showed liabilities of $440,000. During the year, liabilities decreased by $79,000, assets increased by $151,000, and paid-in capital increased by $21,000 to $386,000. Dividends declared and paid during the year were $122,000. At the end of the year, stockholders' equity totaled $756,000. I am needing to calculate the net income or loss for the year.

					Stockholders Equity
	Assets	=	Liabilities	+	PIC	+	RE
Beginning		=	$440,000	+		+
Changes	151,000	=	(79,000)	+	21,000	+		Dividends
								Net income
Ending		=		+	$386,000	+		$756,000 SE