At the beginning of the current fiscal year, the balance sheet of Hughey Inc. showed stockholders' equity of $522,000. During the year, liabilities increased by $21,000 to $238,000; paid-in capital increased by $34,000 to $177,000; and assets increased by $263,000. Dividends declared and paid during the year were $54,000. Required: Calculate net income or loss for the year. (Amounts to be deducted should be indicated with a minus sign.) Assets RE Beginning Changes Stockholders' Equity Liabilities PIC $ 217,000+ $ 143,000+ $522,000 SE 21,000+ 34,000+ Net Income (54,000) Dividends $ 238,000 $ 177,000 263,000 Ending