Bubbles Co.’s comparative Balance Sheet at December 31, 2025…
Bubbles Co.’s comparative Balance Sheet at December 31, 2025 reports the following (in millions): December 31, 2025 December 31, 2024 Total Assets 82 31 Total Liabilities 64 23 During 2025, Bubbles Co. paid dividends of $12 million and issued $7 million of capital stock. Bubbles Co. is a calendar year company. What is the amount of net income (loss) that Bubbles Co. should report in its 2025 income statement?
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