The December 31, Year 4, balance sheet for Deen Company showed total stockholders' equity of $82,500. Total stockholders' equity increased by $53,400 between December 31, Year 4, and December 31, Year 5. During Year 5, Deen Company acquired $13,000 cash from the issue of common stock. The Company paid a $8,000 cash dividend to the stockholders during Year 5. Required Determine the amount of net income or loss Deen reported on its Year 5 income statement. (Hint: Remember that stock issues, net income, and dividends all change total stockholders' equity.)