Chukwu’s Capital at 1/1/89 and 31/12/89 were N30,000 and N50,000 respectively. During the year he introduced additional capital of N10,500 and withdrew N5,300 for private use. What is his profit for 1989?
-
A.
N30,500 -
B.
N25,300 -
C.
N20,000 -
D.
N15,800 -
E.
14,800