The total assets and the total liabilities of a business at the beginning and at the end of the year appear below. During the year $$9,000$ of cash dividends were paid and $$5,000$ of additional stock was issued.

Beginning of year

End of year

The amount of net income or loss for the year was

$$8,000$ net income

$$23,000$ loss

$$23,000$ net income

$$8,000$ loss