Consider the following information: Rent Revenue: $5,000
Rent Receivable: $2,000
Interest Revenue: $2,000
Interest Receivable: $1,000
Rent Expense: $4,000
Insurance Expense: $1,200
Insurance Payable: $1,200
Salaries Expense: $3,000
Salaries Payable: $500
Which of the following states the amount of net profit or loss for this company?
a) Net Loss of $2,900.
b) Net Profit of $100.
c) Net Profit of $1,200.
d) Net Loss of $1,200.

T-comm makes a variety of products. it is organized in two divisions, north and south. the managers for each division are paid, in part, based on the financial performance of their divisions. the south division normally sells to outside customers but, on occasion, also sells to the north division. when it does, corporate policy states that the price must be cost plus 20 percent to ensure a "fair" return to the selling division. south received an order from north for 300 units. south's planned output for the year had been 1,200 units before north's order. south's capacity is 1,500 units per year. the costs for producing those 1,200 units follow