3 TB 01-87 At the end of its first year of operations,... ots At the end of its first year of operations, Lockerble and Role Company has total assets of $3,000,000 and total liabilities of $1,200,000. The owner originally invested $200,000 in the business, but has not made any further investments or taken any withdrawals. What is the first year's profit for Lockerble and Role Company? Save & Ex