Construct a Final Profit and Loss Statement in dollars and percentages given the following information. Comment on 3 ways profit could be improved: Advertising: $7,000 Cash discounts: 3% Gross Sales: $164,000 Billed costs of goods: $70,000 transportation: $6,000 closing INV: $29,200 workroom costs: $1,200 supplies: $4,000 Customer returns: $16,000 rent: $20,000 payroll: $31,000 Opening INV: $28,800