The December 31, Year 1, balance sheet for Deen Company showed total stockholders' equity of $72,500. Total stockholders' equity increased by $23,460 between December 31, Year 1 and December 31 Year 2. During Year 2.Deen Company acquired $20,000 cash from the issue of common stock. Deen Company paid a $7,500 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 all change total stockholders' equity)