Begin by identifying the accounting equation and the formula to calculate the change in the stockholders' equity during a period. $($Abbreviations used: Beg. equity $=$ beginning equity; End. equity $=$ ending equity.$)$

Accounting equation:

Stockholders' equity equation:

Assets $=$ Liabilities $+$ Equity

Beg. equity $+$ Common stock issued $+$ Net income or $-$ Net loss $-$ Dividends $=$ End. equity

For each of the following situations that occurred in June, $2024$ with regard to common stock and dividends of a corporation, compute the amount of net income or net loss during June $2020$ minus sign or parentheses for a net loss.$)$

a$.$ The company issued $$35,000$ of common stock and paid no dividends.

Net income $($loss$)$ is

Data table

$\backslash$table$[[,$May $31,2024,$June $30,2024],[$Total Assets,$$,211,000$$$,250,000],[$Total Liabilities,,$99,000,66,000]]$