TB MC Qu. 02-55 (Static) ABC Company ended Year 1 with ABC Company ended Year 1 with the following account balances: Cash 600, Common Stock 400, and Retained Earnings 200.

The following transactions occurred during Year 2: Issued common stock for $19,000 cash. ABC borrowed an additional $11,000 from Chris Bank. ABC earned $9,000 of revenue on account. ABC incurred $4,000 of operating expenses on account. Cash collections of accounts receivables were $6,000. ABC provided additional services to customers for $1,000 cash. ABC purchased land for $14,000. ABC used $3,000 in cash to make a partial payment on its accounts payable. ABC declared and paid a $200 dividend to the stockholders On December 31 ABC had accrued salaries of $4,000.

What is the amount of net income (loss) reported on the December 31, Year 2 income statement?