The December 31, 2018, balance sheet for Deen Company showed total stockholders' equity of $78,000. Total stockholders' equity increased by $26,500 between December 31, 2018, and December 31, 2019. During 2019 Deen Company acquired $11,000 cash from the issue of common stock. The Company paid a $7,500 cash dividend to the stockholders during 2019.

Required

Determine the amount of net income or loss Deen reported on its 2019 income statement. (Hint:Remember that stock issues, net income, and dividends all change total stockholders' equity.)