At the beginning of the current fiscal year, the balance sheet of Hughey Inc. showed stockholders' equity of $527000. During the year liabilities increased by $28.000 to $234,000. paid-in capital increased by $39.000 to $175.000, and assets increased by $255.000 Dividends declared and paid during the year were $55.000 Required: Calculate net income or loss for the year. (Amounts to be deducted should be indicated with a minus sign.) Assets 5555.000 255,000 = - Answer is complete but not entirely correct. Stockholders'Equity Liabilities PIC RE $ 28.000 $30,000 488,000 5527.000 SE 28.000 + 30.000 32.000) Net loss 55.000) Dividends Beginning Charges Ending 5810,000 - $ 234.000 S 175,000 + (401.000)