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If you could help find Jarod's annual economic profit/loss that would be amazing thanks! Last year, Jarod left a job that pays $80,000 to run

If you could help find Jarod's annual economic profit/loss that would be amazing thanks!

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Last year, Jarod left a job that pays $80,000 to run his own bike repair shop. Jarod's shop charges $65 for a repair, and last year the shop performed 4,000 repairs. Jarod's production costs for the year included rent, wages, and equipment. Jarod spent $60,000 on rent and $120,000 on wages for his employees. Jarod keeps whatever profit the shop earns but does not pay himself an official wage Jarod used $25,000 of his savings to buy a machine for the business. His savings were earning an annual interest rate of 6 percent. *Note from Dr. Moody: You can assume that Jarod could sell the machine and fully recoup the $25,000. Thus, Jarod hasn't explicitly spent $25,000. He still has $25,000. It's just tied up in machinery instead of in his savings account. But he could turn it back into cash at any time. Instructions: Enter your answers as a whole number. If you are entering any negative numbers be sure to include a negative sign (-) in front of those numbers

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