Changes in account balances of ABC Company during 2010 were: Time left 0:35:47 Increase Assets $425,000 Liabilities 130,000 Common stock 100,000 Paid-in capital in excess of par 140,000 Retained earnings ? Assuming there were no charges to retained earnings other than dividends of $62,000, the net income (loss) for 2010 was: $62,000 $55,000 ($7,000) $117,000 None of these