Juan is sel employed, during the tax year he had the following incme and expenses, gross receipts$80,000,$ advertising $1000,$ office expense $300,$ rent $10,000,$ liability insurance $3000,$ bookkeeping fees $500,$ utilities $2000,$ business meals purchased at resturants $1000,$ what is Juans net profit$\{$or loss$\}$ for the tax year?