The December $31,$ Year $4,$ balance sheet for Deen Company showed total stockholders$$ equity of $$78,000.$ Total stockholders$$ equity increased by $$26,500$ between December $31,$ Year $4,$ and December $31,$ Year $5.$ During Year $5,$ Deen Company acquired $$11,000$ cash from the issue of common stock. The Company paid a $$7,500$ cash dividend to the stockholders during Year $5.$

Required

Determine the amount of net income or loss Deen reported on its Year $5$ income statement. $($Hint: Remember that stock issues, net income, and dividends all change total stockholders$$ equity.$)$