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

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

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

a$.$ Additional common stock of $$6,600$ was issued, and dividends of $$10,600$ were paid during the current year.

b$.$ Additional common stock of $$15,900$ was issued, and no dividends were paid during the current year.

c$.$ No additional common stock was issued, and dividends of $$15,600$ were paid during the current year.