Mary starts a business and selling apple at her store. She put $1,000 of her own money as equity capital. On her first day, she buys $1,000 in cash and rents a stand for $3,000 / month and pay at the end of the month. At the end of the day, she sold all apples for $1,200 in cash. How does the accounting equation looks like for Mary at the end of the first day? What is her profit for the first day