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inces The December 31, Year 1, balance sheet for Deen Company showed total stockholders' equity of $65,500. Total stockholders' equity Increased by $33,000 between

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inces The December 31, Year 1, balance sheet for Deen Company showed total stockholders' equity of $65,500. Total stockholders' equity Increased by $33,000 between December 31, Year 1, and December 31, Year 2. During Year 2, Deen Company acquired $13,500 cash from the issue of common stock. Deen Company paid a $6,000 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.)

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