Complete the SOCIE considering the following transactions and answer all the questions below: Issued 900 ordinary shares for cash at $4 per share. Par value: $1. The Company pays back the long-term liabilities, $900 11 2) (3) 4) 5) 6) 71 (8) 9) The Company sold some inventory for $600. (The inventory were purchased for $1,100). Declared, still not paid dividend of $70 Dividend income $580. depreciation expense $30 PPE were revalued by a $100 increase. A machine that cost $290 is purchased for cash. Inventory was purchased for $500 on credit. Question 1: How much is the profit or loss of the Company? Answer: