Calculate the profit or loss for 2022

Problem 1-4A Financial statements LOG CHECK FIGURES: Profit = \$35,700; Total assets =$108,900 On August 1, 2022, Cross Fitness entered its second year of operations. Cross Fitness provides high-performance group and personal training courses that have been derived from scientific research and exercises used by professional athletes. On July 31, 2023, Jay Grey, the owner, finalized the company's records, which showed the following items. AccountspayableAccountsreceivableJayGrey,capital,July31,2022JayGrey,withdrawalsCashFurnitureInterestexpenseNotespayableWorkoutequipmentPrepaidrentRentexpensePersonaltrainingrevenueGrouptrainingrevenueSuppliesSuppliesexpenseUtilitiesexpenseWagesexpense$10,90057,00080,80053,5007,10014,7003,60035,00020,7005,50021,5005,500153,5003,90017,40011,30069,500 *Hint: The ending capital balance for one period is the beginning capital balance for the next period. There were no owner investments during the year ended July 31, 2023