Question: The December 3 1 , Year 1 , balance sheet for Deen Company showed total stockholders' equity of $ 6 1 , 5 0 0

The December 31, Year 1, balance sheet for Deen Company showed total stockholders' equity of $61,500. Total stockholders' equity increased by $15,560 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 $10,000 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.)q,
 The December 31, Year 1, balance sheet for Deen Company showed

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