At the beginning of the current fiscal year, the balance sheet of Hughey Inc. showed stockholders' equity of $520,000. During the year, liabilities increased by $21,000 to $240,000; paid-in capital increased by $30,000 to $175,000; and assets increased by $252,000. Dividends declared and paid during the year were $59,000. 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 + $520,000 SE Beginning Changes 252,000 = 21,000 + 30,000 + Ending $ 240,000 + $ 175,000 +