Per 1 Homework Saved Help Save & Exit Submit Check my work The December 31, Year 1, balance sheet for Deen Company showed total stockholders' equity of $62,500. Total stockholders' equity Increased by $30,000 between December 31, Year 1, and December 31, Year 2. During Year 2. Deen Company acquired $10,000 cash from the issue of common stock. Deen Company paid a $2,500 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.) Book Print Net income Net loss