Huimin Ltd. had the following account balances at December 31, 2021: Account Name Amount Dividends $2,500 Prepaid expenses 1,500 Interest expense 750 Website expense 600 Accounts receivable 17,300 Deferred revenue 850 Income tax expense 3,750 Collections from customers 37,945 Purchase of intangibles 1,020 Payments to suppliers 35,600 Travel expense 1,800 Retained earnings (beginning of year) 3,700 Payment of dividends 2,500 Insurance expense 2,400 Office supplies expense 350 Cash (beginning of year) 31,550 Service revenue 33,720 Cash received from debt 10,000 Prepaid insurance 1,200 Office supplies 975 Business licence 60 Cash (end of year) 47,875 Income tax payable 500 Owners' capital 21,000 Website design 960 Telephone expense 375 Contributions by owners 7,500 Accounts payable 12,625 Bank loan payable, due in 2025 10,000. What is Profit before Income Tax (also called Income before Income Tax) on this company's single step income statement