2. Prepare a calculation to show how much profit was earned by the business during 2020. Calculation of profit for 2020: Jess LeClaire, Capital December 31, 2019 Jess LeClaire, capital December 31, 2020 The accounting records of LeClaire Delivery Services show the following assets and liabilities as of the end of 2020 and 2019 2020 ants December 31 2019 $ 11,325 $ 28,200 12,475 15,550 2,300 2,900 40,000 40,000 86,500 82,000 35,500 103,000 20,700 4,400 65,500 Cash Accounts receivable Office supplies Trucks office equipment Land Building Accounts payable Notes payable eBook References During December 2020 the owner, Jess LeClaire, purchased a small office building and moved the business from rented quarters to the new building. The building and the land it occupies cost $138.500. The business paid $73,000 in cash and a note payable was signed for the balance. LeClaire had to invest $18,800 cash in the business to enable it to pay the $73,000. The business earned a profit during 2020, which enabled LeClaire to withdraw $2,800 per month from the business for personal expenses