At the end of 2021, Lunar Company reported the following amounts on its balance sheet:

Assume that Lunars stockholders equity on January 1, 2021 was $310,000. Lunar did not issue common stock during the year, but it paid $15,000 cash in dividends. How much is Lunars net income or loss for 2021?

Cash Accounts receivable Equipment Land Accounts payable Common stock Retained earnings $ 27,600 129,100 78,300 250,000 105,000 200,000 180,000