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Apple Academy is a profit - oriented education business. Apple provides remedial training for high school students who have fallen behind in their classroom studies.

Apple Academy is a profit-oriented education business. Apple provides remedial training for high school students who have fallen behind in their classroom studies. It charges its students $2,255 per course. During the previous year, Apple provided instruction for 1,000 students. The income statement for the company follows:
Revenue
cost of instructors
Overhead costs
Net income
\table[[{f6b9f82f2-eb5b-4dd9-b593-6e9415407761}
\table[[2,255,000
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