Profit/Loss
January $40,520 –$35,080
February $34,492 –$37,025
March $32,490 –$35,175
April $42,580 –$39,687
May $50,032 –$45,510
June $48,365 –$46,045
July $42,115 –$38,518
August $36,427 –$39,058
September $37,963–$40,185
October $38,813–$35,148
November $42,561–$38,306
December $45,064–$41,570
The income is on the right and the expenses are on the left.
Decide if it's a profit or loss.
Scratch that the income is on the left and the expenses are on the right
I am pretty sure you have a calculator.
Add up all the expenses
Add up all the incomes
decide which is bigger.
To determine if it is a profit or loss, you need to calculate the difference between the income and expenses for each month.
For example, let's take the first entry for January. The income is $40,520, and the expenses are -$35,080. To calculate the difference, you subtract the expenses from the income:
$40,520 - (-$35,080) = $40,520 + $35,080 = $75,600
Since the result is positive, $75,600, it indicates a profit.
You can apply the same calculation for each month to determine if it is a profit or loss. Just subtract the expenses from the income and check if the result is positive (profit) or negative (loss).