Willett Co. had the following amounts related to the sale of consignment inventory: Cost of merchandise shipped to consignee $100,000 Sales revenue for three fourths of inventory sold by consignee $125,000 Freight cost for merchandise shipped $10,000 Advertising paid for by consignee, to be reimbursed $5,000 10% commission due the consignee for the sale $12,500 What amount should Willett report as net profit (loss) from this transaction for the year?
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