At the beginning of the current fiscal year, the balance sheet of Hughey Inc. showed stockholders' equity of $513,000. During the year, liabilities increased by $23,000 to $222,000; paid-in capital increased by $37,000 to $176,000; and assets increased by $259,000. Dividends declared and paid during the year were $60,000. Required: Calculate net income or loss for the year. (Amounts to be deducted should be indicated with a minus sign.) Stockholders' Equity Assets Liabilities + PIC + RE + + $513,000 SE Beginning Changes 259,000 = 23,000 + 37,000 + Ending $ 222,000+ $ 176,000 +