The accounting records of LeClaire Delivery Services show the following assets and liabilities as of the end of 2023 and 2022:

	December 31
		2023		2022
Cash	$	12,075	$	28,950
Accounts receivable		12,975		16,050
Office supplies		2,550		3,150
Trucks		45,000		45,000
Office equipment		91,500		87,000
Land		40,500
Building		108,000
Accounts payable		21,450		4,650
Notes payable		70,500

During December 2023 the owner, Jess LeClaire, purchased a small office building and moved the business from rented quarters to the new building. The building and the land it occupies cost $148,500. The business paid $78,000 in cash and a note payable was signed for the balance. LeClaire had to invest $19,300 cash in the business to enable it to pay the $78,000. The business earned a profit during 2023, which enabled LeClaire to withdraw $3,300 per month from the business for personal expenses.

Required: 1-a. Prepare balance sheet for the business as of the end of 2022.

1-b. Prepare balance sheet for the business as of the end of 2023.

2. Prepare a calculation to show how much profit was earned by the business during 2023.