Magic Realm Ltd has developed a new fantasy board game. The company sold 18,500 games last year at a

selling price of 18,500 per game. Fixed costs associated with the game total 226,625 per year, and

variable costs are 6 per game. Production of the game is entrusted to a printing contractor. Variable costs

consist mostly of payments to this contractor.

1. Create statement of profit or loss for the game last year.