What is the net income or net loss for the fiscal year

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Reference no: EM131292501

The Good Word Store reported the following figures, note the company’s fiscal year ends on January 31 each year:

Retained Earnings, January 31, 2014.........................$20,000,000

Retained Earnings, January 31, 2015.........................$15,000,000

Dividends declared for the fiscal year ending January 31, 2015 are $1 million.

What is the net income or net loss for the fiscal year ending January 31, 2015?

Reference no: EM131292501

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