Al Flynn has gathered the following information. Could you help Al calculate his gross profit?
Definitions:
Legal Structure
The legal organization of a company, determining its legal personality, liability, and taxation methods. Examples include sole proprietorship, partnership, corporation, and LLC.
C Corporation
A business structure where the company is taxed separately from its owners, offering limited liability protection to its shareholders.
Legally Liable
The state of being legally responsible for something, typically involving a financial or other obligation.
Sole Proprietorship
A business structure where a single individual owns, manages, and is responsible for all aspects of the business.
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