Now you need to figure out Shirtsplus' estimated annual profit (or loss). They estimate that Shirtplus will sell 1,000 a month. ShirtsPlus sells to the wholesaler for $35 per shirt. In turn they sell it to the retailer for $43.75 and the retailer sells it to the consumer for $62.50. The labor costs will be $5 per shirt. The administrative costs of operating the company are estimated to be $60,000 annually and the sales expenses are $20,000 a year. Additionally, the cost of the materials will be $10 per shirt. What is their profit (or loss) for the year? O $280,000 O -32,500 O $160,000 O -$60,000 O $490,000