what was the net income (loss) for the year 2017? Problem 6-3 On December 31, 2016, the statement of

what was the net income (loss) for the year 2017? Problem 6-3 On December 31, 2016, the statement of financial position showed total assets of $1,000,000, total liabilities of $400,000 and contributed capital of $400,000. During the year 2017, the corporation issued share capital of $100,000 par value at a premium of $60,000. dividend of $50,000 were paid on December 31, 2017 The statement of financial position on December 31, 2017 showed total assets of $1,500,000 and total liabilities of $640,000. Required: What was the net income (loss) for the year 2017? y los