1. Jadon Johnson owns a used bookstore in Long Beach called Story Books. It is a sole proprietorship located at 2 Pine Ave, Long Beach, CA 90802. Its income and associated expenses for the year ending December 31, 2021, are the following:

Gross income	$ 570,000
Less: Cost of Goods Sold	(372,000)
Gross profit	198,000
Interest expense	(7,800)
Depreciation expense	?
Office expense	(54,000)
Supplies expense	(2,100)
Meals expense	(4,500)
Entertainment expense	(1,900)
Utilities expense	(3,700)
Wages	(70,000)
FICA taxes expense	(7,963)
Total expense	(?)
Net income/(loss)	$ ?