The total assets and liabilities of Roloflex Company at January 1 and December 31, 2000, are presented below. Assets Liabilities. January 1 December 31 $76,000 $112,000 26,000 28,800 Determine the amount of net income or loss for 2000, applying each of the fol- lowing assumptions concerning the additional issuance of stock and dividends paid by the firm. Each case is independent of the others. 1. Dividends of $10,800 were paid and no additional stock was issued during the year. 2. Additional stock of $4,800 was issued and no dividends were paid during the year. 3. Additional stock of $62,000 was issued and dividends of $15,600 were paid dur- ing the year.