For each of the following, determine the amount of net income or net loss for the year.
Definitions:
Shipment Seized
Refers to the action taken by authorities to take control of goods being transported due to regulatory, legal, or security violations.
Equilibrium Price
The market price at which the quantity of goods supplied is equal to the quantity of goods demanded, leading to a stable market condition.
Fine
A monetary charge imposed on individuals or entities as penalty for not complying with laws, rules, or regulations, distinct from a "fine imposed" which refers to the act of levying the fine.
Marginal Cost
The escalation in aggregate cost resulting from the production of an additional unit of a product or service.
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