Chan supplied the information below. On 1 October 2021 and 30 September 2022, respectively: non-current assets: $10\,000$, $12\,000$ inventory: $2\,500$, $2\,000$ trade receivables: $1\,500$, $1\,300$ bank overdraft: $800$, $900$ trade payables: $1\,000$, $1\,900$ What was Chan’s profit or loss for the year?
- A$300$ loss
- B$300$ profit
- C$500$ loss
- D$500$ profit