At the beginning of the current fiscal year, the balance sheet of Hughey Inc. showed stockholders' equlty of $516,000. During the year, liabilities increased by $24,000 to $237,000; paid-in capital increased by $37,000 to $173,000; and assets increased by $263,000. Dividends declared and paid during the year were $46,000. 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 Llabilities $516,000 SE Beginning Changes 263,000 24.000 37.000 Ending $ 237 000- $ 173.000 ro 1 of 9 Next >