Shep Company$$s records show the following information for the current year:

Beginning of year End of year

Total assets $ $52,800$ $ $83,500$

Total liabilities $ $23,400$ $ $36,400$

Determine net income $($loss$)$ for each of the following separate situations.

Note: For all requirements, losses should be entered with a minus sign.

Additional common stock of $$4,400$ was issued, and dividends of $$8,400$ were paid during the current year.

Additional common stock of $$15,350$ was issued, and no dividends were paid during the current year.

No additional common stock was issued, and dividends of $$13,400$ were paid during the current year.