Please Explain the answer step by step as Im trying to learn

Please Explain the answer step by step as I\'m trying to learn. Thank you

Part D: A student starts a lawn care business forthe summer of 2015. Below is the financial data for the summeras well as a description of whatthe amounts relate to. Calculate the lawn care business\'s profit. Description Advertising costs Cash in bank (business Cash in bank (personal) Equipmentrental costs Gas costs (used) Containerfull of ga:s Customer payments Cell phone costs (business) Cell phone costs (personal) Money borrowed from parents to start business iPad Air 2 purchased (personal) Money you put in to start the business Amount $640 $1,520 $2,349 $700 $934 80 $6,400 $476 $684 $1,000 $974 $250

Solution

the following is the calculation of lawn care business\'s profit,followed by explanations:

note:

the following is the explanation for items not appearing in the above income statement:

customer payments (revenue)		$6,400
less:
advertising cost	(640)
equipment rental costs	(700)
gas cost	(934)
containerr full of gas	(80)
cell phone cost (business)	(476)
total costs		(2,830)
business profit (revenue - costs)		$3,570