Custom Music Shop is a community music store that has functioned for years. This year the owner suffered due to COVID-19 and developed two market strategies to combat this: 1. Virtual Lessons - providing music lessons to their clients through online tools 2. Community Outreach - delivery and pick-up of new and repair items As a result, their income statement for the current year (until August 31, 2020) is provided below:

Referring to this chart, you can confirm that the Economic Profit of the business so far this year is:

Question 4 options:

	$72,000
	$8,500
	$43,000
	$101,000

Income Statement Period January 1, 2020 to August 31, 2020 Instrument Sales Instruction Repair Services $ 43,000.00 $ 22,000.00 $ 36,000.00 Operating Expenses Cost of Goods Sold Cost of Employees Facility, Utilities, Tools & Misc. $ 21,500.00 $ 32,000.00 $ 18,500.00 Strategic Initiatives Community Outreach Virtual Training Tools Revenue Lost: $ 12,500.00 Revenue Lost: $ 8,000.00