edu MMyLab and MasterAU mt 16 Seved The December 31, Year 1, balance sheet for Deen Company showed total stockholders' equity of $69,500. Total stockholders' equity increased by $32,000 between December 31, Year 1, and December 31, Year 2. During Year 2, Deen Company acquired $12,000 cash from the issue of common stock. Deen Company paid a $3,500 cash dividend to the stockholders during Year 2 Required Determine the amount of net income or loss Deen reported on its Year 2 income statement. (Hint Remember that stock issues, net income, and dividends all change total stockholders' equity.) < Prev 3 of 5 www Next > tv NA