Kimmel Corporation reported the following amounts for assets and liabilities at the beginning and end of a recent year.

	Beginning of Year	End of Year
Assets	$231,500	$348,100
Liabilities	84,550	125,900

Calculate Kimmels net income or net loss for the year in each of the following independent situations (if it is a net loss, write net loss with the amount or place the amount between parentheses):

1. Kimmel declared no dividends and its common shares remain unchanged.

2. Kimmel declared no dividends and issued additional common shares for $12,000 cash.

3. Kimmel declared dividends totalling $8,000, and its common shares remain unchanged.

4. Kimmel declared dividends totalling $11,000 and issued additional common shares for $15,000.