Nancy Delicious Donuts has a production line that is currently producing 35,000 donuts per month. He sells 25,000 donuts per month to retailers at $1.50 each and 10,000 donuts per month directly to consumers at $1.75 each. The operations fixed costs amount to $5,000/month and the variable cost is at $0.75 per donut.

(a) Create a detailed income statement for a one-month time period using the above information by customer type and total overall to determine if Nancy is operating at a profit or loss and by how much.