At the beginning of the current fiscal year, the balance sheet of Hughey Inc. showed stockholders' equity of $518,000. During the year, liabilities increased by $30,000 to $230,000, pald-in capital increased by $32,000 to $179,000, and assets increased by $266,000. Dividends declared and paid during the year were $48.000. 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 $518,000 SE Beginning Changes ++ 266,000 - 30,000 32,000 + Ending $ 230,000 + $ 179,000 +