Assume you are the owner of Double Caf, a coffee shop in Sydneys CBD. At the end

Assume you are the owner of Double Café, a coffee shop in Sydney’s CBD. At the end of June 2019, you find (for June only) this information:

1. Sales, as per cash register records, of $47 000, plus sales on credit (two birthday parties) of $750.

2. The cost of goods sold during June had cost $16 000 consisting of coffee, cups and cakes.

3. During the month, according to the cheque book, you paid $14 000 for salaries, rent, advertising and other expenses; however, you have not yet paid the $680 monthly bill for electricity for June. On the basis of the data given (disregard income taxes), what was the amount of net profit for June? Show computations.