Cash flows from operations for ABC Ltd was $62,000 for the period ending 30 June 2019. Depreciation expense for the period was $50,000. The company made a gain on sale of $10,000 from selling their equipment, and a loss on sale of $5,000 from selling their land. Balances of asset and liability accounts are listed below:

	30 June 2019	30 June 2018
	$	$
Cash	65,000	80,000
Accounts Receivable	120,000	180,000
Inventories	130,000	100,000
Prepaid Insurance	5,000	6,000
Accounts Payable	100,000	110,000
Interest Payable	10,000	20,000
Bonds payable	200,000	100,000

What is the net profit or loss for the period ending 30 June 2019?