CASE STUDY: FINANCIAL STATEMENTS $*$

This scenario contains two standard financial statements that are required of all businesses: the Income Statement and Balance Sheet.

The income statement $($also known as the Profit & Loss$)$ documents the revenue, expenses, and profit of a business for a period of time. Use the following income statement to answer the questions:

What were the profit and revenue for Chez Cezanne in the most recent week?

a$.$ $$-6,709,$$$16,023$

b$.$ $$-10,905,$$$24,236$

c$.$ $$1,288,$$$28,744$