Question 4 (4 marks) Presented below is certain information pertaining to Palestine Company. Assets, January 1,2022 $240,000 Assets, December 31,2022 230,000 Liabilities, January 1,2022 160,000 Share capital, December 31,2022 80,000 Retained earnings, December 31,202 31,000 Ordinary shares sold during the year 10,000 Dividends declared during the year 13,000 Compute the net income (loss) for the year 2022