Shaun started his business with $ 25,000 as Capital on January 1,1998. During the year he introduced $ 4,000 as Additional capital and withdrew at the rate of $ 600 per month. On Dec 31,199, his position was as for : $ Bank Balance 2,000 Stock 20,000 Debtors 12,000 Furniture 500 Cash in hand 500 Sundry Creditors 6,000 Expanses outstanding 400 He keeps his books under the single entry method. Determine his Profit and loss or loss for the period