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 $22,000 to $229,000; paid-in capital increased by $38,000 to $176,000; and assets increased by $269,000. Dividends declared and paid during the year were $56,000. Required: Calculate net income or loss for the year. (Amounts to be deducted should be indicated evith a minus sign.) Stockholders' Equity PIC + RE Assets Liabilities + $522,000 SE Beginning Changes 269,000 22,000 + 38,000 + Ending $ 229,000 + $ 176,000+