A business showed a draft profit for the year of $200000. The following points were later found. 1. Depreciation charges had been overstated by $20000. 2. The value of closing inventory had been overstated by $15000. 3. A year-end accrual for wages was needed, $8000. 4. A year-end adjustment for prepaid insurance, $2500, was required. What was the adjusted profit for the year?
- A$159500
- B$199500
- C$240500
- D$245500