Jim Panzie, owns a portable pet store which uses the perpetual inventory system. The book keeper Sally Mander has provided the following partial list of account balances (in alphabetical order) on December 15, 2021.

REQUIRED: Using the accounts provided, calculate the profit or income from operations.

Accounts Payable	$ 27
Accounts Receivable	23
Accumulated Amortization	64
Allowance for Doubtful Accounts	2
Cash	10
Cost of Goods Sold	687
J. Panzie, Capital	433
J. Panzie, Withdrawals	88
Equipment	180
Interest Earned	4
Inventory	136
Rent Expense	235
Salaries Expense	155
Sales Discounts	6
Sales Returns and Allowances	32
Sales	1,078
Supplies	14
Unearned Sales	18