A business reported a profit for the year of $450000 before the following errors were adjusted. 1. Closing inventory had been undervalued by $15000. 2. Sales returns worth $5000 had been entered as purchases returns. 3. The depreciation charge had been overstated by $20000. What was the profit after these errors had been corrected?
- A$435000
- B$445000
- C$475000
- D$495000