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The Good Word Store reported the following figures: Retained Earnings, January 31,2017........................$31,000,000 Retained Earnings, January 31,2018........................$16,000,000 Total Stockholders' Equity, January 31,2017.............$30,000,000 Total Stockholders' Equity, January
The Good Word Store reported the following figures:
Retained Earnings, January 31,2017........................$31,000,000
Retained Earnings, January 31,2018........................$16,000,000
Total Stockholders' Equity, January 31,2017.............$30,000,000
Total Stockholders' Equity, January 31, 2018..............$26,000,000
The company's fiscal year ends on January 31 each year. Dividends declared for the fiscal year ending January 31, 2018 are $14,000,000.
What is the net income or net loss for the fiscal year ending January 31, 2018?
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