You are adjusting the financial statements to reflect fair market expenses. In talking with the owner, you find that he works about 20 hours per week in the business, but does not pay himself a salary but rather simply takes the profit at the end of each month. After searching various salary webpages, you find that the average salary for a full time worker performing the same type of work as the owner is about $60,000 per year. How would you adjust the financial statements (income statement) to properly normalize or adjust it prior to performing the valuation? calculate the profit he has taken, and add that as a salary expense add an additional $60,000 salary expense don't make any adjustments add an additional $30,000 salary expense