The following information concerning Harry's Hat's applies to all six questions. "Harry's Hat Shop" is a store that sells baseball caps with sports team logos. "Harry's Hat Shop" pays its supplier (located in Korea) $5 per cap. The store sells the caps to retail customers in Toronto for $10 each. During the fiscal year 2014 Harry's Hat Shop sold the following: 30,000 Maple Leafs caps Montreal Canadiens caps 25,000 Raptors caps 15,000 Blue Jays caps 15,000 Toronto FC caps 10,000 Argonaut caps 5,000 The store paid $2,500 per MONTH in rent, and $70,000 to the four part-time staff who work in the store. In addition Harry's Hat's spent $25,000 per year in advertising and $15,000 on a booth and promotional activities at Toronto's annual "Fanpalooza" sports memorabilia show. The business pays $20,000 per year to its part-time bookkeeper and accountant. All other expenses, which consisted of utilities, insurance, and day-to-day consumables and supplies, cost $40,000. There are no other revenues or expenses, and there is no other relevant financial information. Based on the information given, calculate Harry's Hat Shop's gross profit for 2014