. At the end of 2015, Sando Company reported the following amounts on its balance sheet:

	Cash		$ 28,100
	Accounts receivable		52,400
	Equipment		46,000
	Land		120,000
Accounts payable		31,500
Share capital		95,000
Retained earnings		120,000

Required:

Assume that Sandos shareholders equity on January 1, 2015 was $118,000, and that Sando issued additional shares of $35,000 and paid $22,000 in cash dividends before the end of 2015. What was Sandos net income or net loss for 2015?