A business's draft financial statements show a profit for the year of $64000 before allowing for the following adjustments: 1. the provision for doubtful debts is reduced by $300 2. office stationery costing $2400 has been bought but not recorded in the books; by the year end, only one-sixth of this stationery had been used. What is the adjusted profit for the year?
- A$61900
- B$63900
- C$64100
- D$64300