At the beginning of the current tiscal yeat, the balance sheet of Cummings Company showed flabilities of $435,000, During she yeac lloblities decreased by $80,000, assets increased by $158,000, and paid-in capital increased by $12,000 to $378,000.0Diden0. declared and paid duting the year were $127,000. At the end of the year, stockholders equity totaled $755,000. Reculred: Caiculate net income or loss for the year, Note: Amounts to be deducted should be indicated with a minus sign