At the beginning of the current fiscal year, the balance sheet of Hughey Inc. showed stockholders' equity of $514,000. During the year, liabilities increased by $20,000 to $228,000; paid-in capital increased by $37,000 to $179,000; and assets increased by $267,000. Dividends declared and paid during the year were $64,000. 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 $514,000 SE Beginning Changes 267,000 = 20,000 + 37,000 + Ending = $ 228,000 + $ 179,000 +