Answer:
$1123
Step-by-step explanation:
The equation to calculate profit (or in this case, loss) the formula "Sales - Expenses" can be used.
This is essence says, how much money did we make? Now, we subtract the amount of money we used for expenses.
Sales - Expenses = Profit
$1222 - $2345 = -$1123
(The reason there is a negative sign, is because in this case we got a negative profit, which is a loss)
The question asks how much was lost, so in this case, the answer is:
$1123 was lost
