The December 31, Year 1, balance sheet for Deen Company showed total stockholders' equity of $75,000. Total stockholders' equity increased by $26,400 between December 31, Year 1, and December 31, Year 2. During Year 2, Deen Company acquired $10,000 cash from the issue of common stock. Deen Company paid a $3,000 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.)