The December 31, Year 1, balance sheet for Decn Company si for total stockholders' equity of $65.000. Total stockholders equity increased by $25,500 between December 31, Year 1, a nd Duc of 31, Year 2. During Year 2, Deen Company acquired $11,500 cash from the issue of common stock. Deen Company paid a $6,50, sh 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)

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