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Consider the following information: Rent Revenue: $5,000 Rent Receivable: $2,000 Interest Revenue: $2,000 Interest Receivable: $1,000 Rent Expense: $4,000 Insurance Expense: $1,200 Insurance Payable: $1,200
Consider the following information: Rent Revenue: $5,000 Rent Receivable: $2,000 Interest Revenue: $2,000 Interest Receivable: $1,000 Rent Expense: $4,000 Insurance Expense: $1,200 Insurance Payable: $1,200 Salaries Expense: $3,000 Salaries Payable: $500 Which of the following states the amount of net profit or loss for this company?
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