The net income or net loss is: net loss 3,000
Net income or net loss
Using this formula
Net income or net loss=Stockholder dividends -(Beginning stockholders' equity-ending stockholders' equity)
Let plug in the formula
Net income or net loss=$25,000-($58,000-$30,000)
Net income or net loss=$25,000-$28,000
Net income or net loss=-$3,000
Therefore the net income or net loss is: net loss 3,000.
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