8. given the information prep. a profit and loss statement for a boutique with the following figures and determine if the store operated at a profit:

Gross sales: $104,000

Customer returns: $5,000

Billed costs: $49,000

Inward freight: $10,000

Advertising: $7,500

Rent: $12,000

Alterations: $1,000

Salaries: $16,000

Miscellaneous expenses: $5,000