Pharoah Diesel owns the Fredonia Barber Shop. He employs 5 barbers and pays each a base rate of $1,210 per month. One of the barbers serves as the manager and receives an extra $525 per month. In addition to the base rate, each barber also receives a commission of $6.75 per haircut. Other costs are as follows. Advertising $300 per month Rent $1,040 per month Barber supplies $0.50 per haircut Utilities $155 per month plus $0,25 per haircut Magazines $15 per month Pharoah currently charges $15 per haircut. Q E Determine net income, assuming 1,520 haircuts are given in a month. Net income /(Loss) $