Exercise 1-14A (Algo) Missing information for determining net income LO 1-7 The December 31, Year 1, balance sheet for Deen Company showed total stockholders' equity of $78,000. Total stockholders' equity increased by $26,500 between December 31, Year 1, and December 31, Year 2. During Year 2, Deen Company acquired $11,000 cash from the issue of common stock. Deen Company paid a \$7,500 cash dividend to the stockholders during Year 2. Required Determine the amount of net income or loss Deen reported on its Year 2 income statement. (Hint. Remember that stock issues, net income, and dividends all change total stockholders' equity.)