Larry’s Kite Shack operates on the Florida beaches during the tourist season. Last year, Larry sold $25,000 worth of kites.

Larry’s Kite Shack operates on the Florida beaches during the tourist season. Last year, Larry sold $25,000 worth of kites.

His cost of goods was $7,000, and he paid himself a salary of $20,000. On an income statement, Larry’s business would have a(n):