Goh’s business statements of financial position reported these net assets: 30 June 2014: $152000; 30 June 2015: $184000. In the year ended 30 June 2015, Goh introduced his private motor car into the business at a value of $14000. By 30 June 2015, the net book value of this motor car was $13200. He also took $7900 cash out of the business bank account. Calculate the profit for the year ended 30 June 2015.
- A$25900
- B$26700
- C$37300
- D$38100