this company has been in business for only 12 months. it closing its books for the first time ever. based on the accounts listed below, what can you infer about the net income/loss for this 1st year?

account payable 3000

account receivable 22000

cash 17000

inventory 4000

LT notes payable 3000

owner contributed cash 25000

salary payable 12000

supplies 2000

tractor 3000

truck 9000

1. 10000 profit
2. 28000 loss
3. 24000 loss
4. 28000 profit
5. 10000 loss