Question: The December 3 1 , Year 1 , balance sheet for Deen Company showed total stockholders' equity of $ 6 1 , 5 0 0
The December Year balance sheet for Deen Company showed total stockholders' equity of $ Total stockholders' equity increased by $ between December Year and December Year During Year Deen Company acquired $ cash from the issue of common stock. Deen Company paid a $ cash dividend to the stockholders during Year
Required:
Determine the amount of net income or loss Deen reported on its Year income statement. Hint Remember that stock issues, net income, and dividends all change total stockholders' equity.
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