During 2020, Larry Ramis had the following items of income and expenditures in his sole proprietorship business: $450,000 gross receipts, $20,000 dividends on business stock investments, $4,000 capital gain on the sale of stock of a supplier, $260,000 cost of goods sold, $40,000 utilities expenses, $70,000 salaries expenses, $40,000 withdrawals by Larry, and $4,000 cash given from the business account to a local charity. What is Larry's Schedule C business income or loss, a figure that is also used to compute the self-employment tax liability?