$4.$ Examine the profit$/$loss statement that follows. Evaluate the profit dollars earned for this t$-$shirt shop $($i$.$e$.,$ was it good or bad?$)(3$ points$)$

Net Sales

$-$Cost of Goods Sold

$=$Gross Margin

$-$Operating Expenses

$=$ Profit$/$Loss $($Before Taxes$)$ $$100,000$

$$55,000$

$$45,000$

$$35,000$

$$10,000$