Exercise 1-14A Missing information for determining net income LO13, 1-5 The December 31, 2016, balance sheet for Deen Company showed total stockholders' equity of $72,500 Total stockholders' equity increased by $23,460 between December 31, 2016, and December 31, 2017 During 2017 Deen Company acquired $20,000 cash from the issue of common stock. Deen Company paid a $7,500 cash dividend to the stockholders during 2017. Required Determine the amount of net income or loss Deen reported on its 2017 income statement. (Hint. Remember that stock issues, net income, and dividends all change total stockholders' equity.)