On February 16, April 13, June 2, and again on June 16, the board of directors declared $0.40 per share cash dividends on the outstanding common shares. On May 3, 40,000 additional common shares were issued. Under the assumption that there were no transactions affecting retained earnings other than the ones just described, determine the 2015 net income (net loss) of Northstar Corp..

Your solution was:

Indicate whether Northstar Corp. had a net gain or loss in 2015.

Nortstar corp 2014

common share ,unlimited share 360,000

120000 shares issued and outstandin

Retained earnings 240,000

Total Equity 600,000

Nortstar corp 2015

common share ,unlimited share 480000

160000 shares issued and outstandin

Retained earnings 254000

Total Equity 734,000