Carter Resources Limited was formed in July 2019 with $25,000 of capital. $9,000 of this was used to purchase equipment. The owner budgeted for the following (in $'000's) for his first quarter: Receipts Payments of on Accounts Accounts Wages Other Month Sales Receivable Purchases Payable Expense Expenses July $19 $0 $9 $6 $3 $1 Aug 31 21 16 9 4 2 Sept 41 31 21 19 4 6 Wages and other expenses are paid in cash. In addition to the above, depreciation is $3,000 per year. No inventory is held by the company Required: Calculate the profit for the quarter ending September 30, 2019