Calculate the profit or loss of a dentist who collected $53,000 in fees and had the following expenses: Salaries (2 nurses and a secretary)$32,000. Rent$7,500. Supplies$3,500. Miscellaneous$2,750. Profit (or loss)

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1. Calculate the profit or loss of a dentist who collected $53,000 in fees and had the following expenses: Salaries (2 nurses and a secretary)$32,000. Rent$7,500. Supplies$3,500. Miscellaneous$2,750. Profit (or loss)