The accountant for Sandhill Company is almost finished preparing the worksheet for the year ended July 31, 2021. The totals of the accounts in the income statement and balance sheet columns are presented below. Calculate the profit or loss and the final totals for these columns. Clearly indicate whether the company had a profit or a loss.

Income Statement Balance Sheet Dr. Cr. Dr. Cr. Totals 75,300 95,840 191,070 170,530 Profit Totals