The Claremont company reported the following financial results during its first two years of operations:

Year end Assets = Liabilities + Shareholders equity

Year 1... $110,000 =$60,0000 + $50,0000

Year 2.... 125,000. = 80,0000. +. $45,000

Assuming that no dividends were declared and that no additional capital was invested in Year 2, what was the net income( loss) for the Claremont Company in Year 2?