Blossom Company had the following assets and liabilities on the dates indicated. December 31
Total Assets
Total Liabilities
2021 $480,000 $241,000
2022 $560,000 $291,000
2023 $690,000 $391,000

Blossom began business on January 1, 2021, with an investment of $100,000 from stockholders.

From an analysis of the change in stockholders’ equity during the year, compute the net income (or loss) for:

(a) 2021, assuming Blossom paid $25,000 in dividends for the year.

Net income (loss) for 2021 $Enter the net income or loss for 2021 in dollars

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