The statement of income for Regina Cleaning Services Ltd. for the year ended November 30 shows Service Revenue $131,900; Salaries Expense $63,600; Repairs and Maintenance Expense $14.600; Supplies Expense $6,200; Utilities Expense $1,900; and Income Tax Expense $5,300. The statement of changes in equity shows an opening balance for Retained Earnings of $48,500 and Dividends Declared $4,700. (a) Calculate the net income or loss for the year. Net Income/loss $