Future Enterprise's balance sheet data at May 31, 2016, and June 30, 2016, follow: Total assets Total liabilities May 31, 2016 $160,000 120,000 June 30, 2016 $225,000 150,000 For each of the following situations with regard to common stock and dividends of a corporation, compute the amount of net income or net loss during June 2016. a) The company issued $20,000 of common stock and paid no dividends. b) The company issued no common stock. It paid cash dividends of $15,000. c) The company issued $18,000 of common stock and paid cash dividends of $25,000.