A sole trader was given the information below for the year to 31 December. Non-current assets rose by $25\,000. Current assets rose by $10\,000. Current liabilities rose by $12\,500. Extra capital added during the year was $20\,000. Drawings taken for the year were $13\,000. What was the profit for the year ended 31 December?
- A$10\,500
- B$14\,500
- C$15\,500
- D$29\,500