The December 31 Year 1. balance sheet for Deen Company showed total stockholders' equity of $63,000 Total stockholders' equity increased by 535.000 between December 31, Year 1 and December 31 Year 2 During Year 2. Deen Company acquired 515,000 cash from the issue of common stock Deen Company paid a $5,500 cash dividend to the stockholders during Year 2. Required Determine the amount of net income or loss Deen reported on its Year 2 income statement. (Hint. Remember that stock issues, net income, and dividends ali change total stockholders' equilty)