Determine net income (loss) for each of the following separate situations a. Additional common stock of $3,400 was issued, and dividends of $7,400 were paid during the current year. b. Additional common stock of $15,100 was issued, and no dividends were paid during the current year. c. No additional common stock was issued, and dividends of $12,400 were paid during the current year.

a. Additional common stock of $3,400 was issued, and dividends of $7,400 were paid during the current year. b. Additional common stock of $15,100 was issued, and no dividends were paid during the current year. c. No additional common stock was issued, and dividends of $12,400 were paid during the current year