The Following Facts Pertain to Rojas Corporation On the Basis of These Facts,compute the Amount of Net

The following facts pertain to Rojas Corporation:
$\begin{array}{llr} \text { Retained Earnings balance, December 31, 2009 } &\$550,000\\ \text {Cash dividends declared and paid in 2010 } &60,000\\ \text { Cash dividends declared but not paid in 2010 } &20,000\\ \text { Retained Earnings balance reported on December 31, 2010, balance sheet } &675,000\\\end{array}$


On the basis of these facts,compute the amount of net income (loss)for Rojas Corporation for 2010.