The owner of Dynamo Stores has come to you for assistance because his bookkeeper has just moved to another city. The following is the only information his bookkeeper left him.

Balance sheets as of December $31,2023$ and $2024.$

The owner withdrew $$150,000$ in $2024$ for his personal use.

The business incurred total expenses of $$218,500$ for $2024,$ of which $$166,500$ was for wages and $$52,000$ was for advertising.

$20242023$

Assets $ $218,500$ $ $261,400$

Liabilities $ $52,000$ $ $67,900$

Capital $166,500193,500$

$ $218,500$ $ $261,400$

Required:

$1.$ Calculate the profit and total revenue for $2024.$