Profit and Loss Statement Week Ending March 24, 2014 Income: Cash Sales $7,260 Expenses: Merchandise $3,160 Rent 750 Insurance 240 Licences etc 90 Tax Remittance 1,860 Advertising 200 Depreciation 600 $6,900 The owners have put $40,000 into the business and they worked a total of 80 hours during the week. a. Savings accounts are currently paying 5.2% interest and the going wage rate is $8 per hour. Refer to the information above to answer this question. According to an accountant, what is the week's profit for the Do Drop In