Consider the following adjusted trial balance:

cash	2600
share capital		10000
fixtures at cost	22000
accumulated depreciation		12000
sales		56000
receivables	14500
interest	600
bonds		10000
sales returns	2500
discounts granted	1000
retained earnings		5500
accrued rent		1600
rent expense	9400
COGS	18900
inventory	5600
depreciation expense	10000
gain on disposal		2000
other receivables	10000
doubtful debt expense	2000
provision for doubtful debts		2000

Please calculate

The profit/loss for the year is:

and tell me the process, (which you pick for revenue and which you pick for expense)