Pharoah Diesel owns the Fredonia Barber Shop. He employs 5 barbers and pays each a base rate of $1,580 per month. One of the barbers serves as the manager and receives an extra $555 per month. In addition to the base rate, each barber also receives a commission of $6,50 per haircut Other costs are as follows. Advertising Rent Barber supplies Utilities Magazines $260 per month $940 per month $0.35 per haircut $180 per month plus $0.15 per haircut $35 per month Pharoah currently charges $14 per haircut Determine net income, assuming 1,900 haircuts are given in a month. Net income/(Loss) $