At the beginning of the current fiscal year, the balance sheet of Cummings Company showed liabilities of $$431,000.$ During the year, liabilities decreased by $$74,000,$ assets increased by $$150,000,$ and paid$-$in capital increased by $$26,000$ to $$383,000.$ Dividends declared and paid during the year were $$124,000.$ At the end of the year, stockholders' equity totaled $$759,000.$

Required:

Calculate net income or loss for the year.

Note: Amounts to be deducted should be indicated with a minus sign.

$\backslash$table$[[,$Assets,$=,$Liabilities,$+,$Stockholders' Equity,$],[,,$PIC,$+,$RE$,],[$Beginning$,,=,$$$,431,000,+,,,+,,],[$Changes$,150,000,=,,(74,000),+,,26,000,+,,],[$Changes$,-,,,,,,,,,],[$Ending$,,=,$$$,357,000,+,$$$,383,000,+?,,$$$759,000SE$