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8. In December 2022, Peaceful Restaurant located on West Broadway in Vancouver, BC restaurant made $90,000 in sales, spent $31,000 on food costs, $34,000 in
8. In December 2022, Peaceful Restaurant located on West Broadway in Vancouver, BC restaurant made $90,000 in sales, spent $31,000 on food costs, $34,000 in labor costs and $24,000 on other costs. Which of the following statements is true? Did this restaurant make profit or was it at loss? Just answer in one or a couple of sentences. (Show the calculation to support your answer.)
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