> Question 5 1 pts During Year 1, Woozit Widget Company performed services for which customers paid or promised to pay a total of $594,671. Of this amount, $557,866 had been collected by year-end. Woozit paid $343,045 in cash for the employee wages and owed the employees $12,152 at the end of the year for work that had been done but not been paid for. Woozit paid interest expense of $2,585 and paid $183,376 for other various expenses. Woozit declared and paid dividends of $10,337. There were no other transactions. Based on the information above, determine Woozit's net income (loss) in Year 1