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Need help with the answer and the explanation Sandhill Diesel owns the Fredonia Barber Shop. He employs5barbers and pays each a base rate of $1,430per

Need help with the answer and the explanation

Sandhill Diesel owns the Fredonia Barber Shop. He employs5barbers and pays each a base rate of $1,430per month. One of the barbers serves as the manager and receives an extra $600per month. In addition to the base rate, each barber also receives a commission of $6.00per haircut.

Other costs are as follows.

Advertising$260per month Rent$1,000per month Barber supplies$0.50per haircut Utilities$150per month plus $0.10per haircut Magazines$20per month

Sandhill currently charges $12per haircut.

Determine net income, assuming1,900haircuts are given in a month.

Net income / (Loss)$ ______

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