my 5 At the beginning of the current fiscal year, the balance sheet of Hughey Inc. showed stockholders' equity of $526,000. During the year, liabilities increased by $28,000 to $228,000; paid-in capital increased by $30,000 to $173,000; and assets increased by $258,000. Dividends declared and paid during the year were $49,000. Required: Calculate net income or loss for the year. (Amounts to be deducted should be indicated with a minus slgn.) 1 points Stockholders' Equity eBook Assets Liabilities PIC RE $526,000 SE Beginning Changes ++ 258,000 = 28,000 30,000 Hint Ending $ 228,000 + $ 173,000 References