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PA1. LO 2.1 The following information is taken from the records of Baklava Bakery for the year 2019. Revenues: Jan. Gains: Feb. Losses: Mar. Expenses:

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PA1. LO 2.1 The following information is taken from the records of Baklava Bakery for the year 2019. Revenues: Jan. Gains: Feb. Losses: Mar. Expenses: Feb. Gains: Jan. Revenues: Mar. Losses: Feb. Expenses: Mar Losses: Jan. Revenues: Feb Expenses: Jan Gains: Mar. $22,500 1,200 3,700 21,620 0 42.800 1,600 45.100 0 37.550 20,760 5,600 A. Calculate net income or net loss for January, B. Calculate net income or net loss for February C. Calculate net income or net loss for March D. For each situation, comment on how a stakeholder might view the firm's performance. (Hint: Think about the source of the income or loss.)

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