1. A company reported gross profit of $20 million in 2018. In addition, it recorded the following activities: 
2. 
   
3. Sales and marketing expenses were $5 million. 
4. Interest income was $2 million. 
5. Sold equipment for $5 million that had a net book value of $9 million. 
6. $3 million in issuance of preferred shares.
7. The business tax rate is 40%. 
8. 
   
9. Calculate the net profit of the company.