A trader worked out his draft profit for the year to be $16000. The following items were still unadjusted. 1. decrease in prepaid insurance, $400 2. increase in closing inventory, $1200 3. decrease in provision for doubtful debts, $120 4. increase in accrued rent receivable, $300 What was the profit for the year after these items had been adjusted?
- A$16620
- B$16980
- C$17220
- D$17780