At the beginning of the current fiscal year, the balance sheet of Cummings Company showed liabilities of $ During the year, liabilities decreased by $ assets increased by $ and paidin capital increased by $ to $ Dividends declared and paid during the year were $ At the end of the year, stockholders' equity totaled $
Required:
Calculate net income or loss for the year.
Note: Amounts to be deducted should be indicated with a minus sign.
tableAssets,Liabilities,Stockholders' Equity,PIC,REBeginning$ChangesChangesEnding$$$
