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?
N30,500
N25,300
N20,000
N15,800
N14,800
Correct answer is E
No explanation has been provided for this answer.