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The December 31. Year 4. balance sheet for Deen Company showed total stockholders' equity of $62,500 Total stockholders equity Increased by $30,000 between December 31

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The December 31. Year 4. balance sheet for Deen Company showed total stockholders' equity of $62,500 Total stockholders equity Increased by $30,000 between December 31 Year 4, and December 31, Year 5. During Year 5, Deen Company acquired $10,000 ch from the issue of common stock. The Company paid a $2.500 cash dividend to the stockhoklers during Year 5. Required Determine the amount of net income or loss Deen reported on its Year Sincome statement. (Hint: Remember that stock issues.net Income, and dividends all change total stockholders' equity)

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