A sole trader gives the information below. Total assets at the beginning of the year: $100000 Total assets at the end of the year: $135000 Total liabilities excluding owner’s capital at the beginning of the year: $35000 Total liabilities excluding owner’s capital at the end of the year: $40000 In the course of the year, the owner withdrew drawings of $18000. What was the profit made in the year?
- A$12000
- B$30000
- C$35000
- D$48000