Crane's shareholders' equity consists only of common shares and retained earnings. Using the change in total shareholders' equity calculated above, calculate the net income or loss for the year ended December $31,2024,$ assuming each of the following independent scenarios: $($Enter loss with either a$-$sign e$.$g$.-15,000$ or in parenthesis e$.$g$.).)$

Crane issued no common shares during the year and did not declare any dividends.

Net income or loss

$

$2.$ Crane issued no common shares during the year and declared and paid dividends of $$10,400.$

Net income or loss $

$3.$ Crane issued $$31,200$ of additional common shares during the year and did not declare any dividends.

Net income or loss $ $$

$4.$ Crane issued $$20,800$ of additional common shares during the year and declared and paid dividends of $$10,400.$

Net income or loss

$ $$

eTextbook and Media