Current Attempt in Progress

The income statement for the year $2027$ of Fugazi Co$.$ contains the following information:

Revenues

$$70000$

Expenses:

$\backslash$table$[[$Salaries and Wages Expense,$$45000,],[$Rent Expense,$12000,],[$Advertising Expense,$10000,],[$Supplies Expense,$6000,],[$Utilities Expense,$2500,],[$Insurance Expense,$2000,],[$Total expenses,,$77500],[$Net income $($loss$),,$$$(7500)$