Over the year to 31 December 2018, Sim’s net assets rose by $1210. The following transactions occurred during 2018. 1 Payments from Sim’s personal bank account: rent for business office $3600, rent for personal residence $2000. 2 Goods taken for personal use: with a cost $6200 and sales value $7700. 3 Cash withdrawn: $9750. What profit was made for the year ended 31 December 2018?
- A$11560
- B$13560
- C$15060
- D$15160