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Cash $14,000 Accounts receivable 60,000 Prepaid expenses 4,500 Building 97,000 Equipment 233,000 Accounts payable $50,100 Note payable 98,000 Common stock 50,000 Retained earnings 179,400 Dividends

Cash $14,000 Accounts receivable 60,000 Prepaid expenses 4,500 Building 97,000 Equipment 233,000 Accounts payable $50,100 Note payable 98,000 Common stock 50,000 Retained earnings 179,400 Dividends 18,000 Service revenue 195,000 Rent expense 45,000 Advertising expense 5,000 Wage expense 90,000 Supplies expense 6,000 Total $572,500 $572,500. What is the net income/loss?

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