A proprietor started business with #13,000. Assets and liabilities at the end of the year; fixed assets #8,800, stock #, 600, debtors #1,000, cash #3, 000 and creditors #1,000. Determine the profit for the year?
N2,400
N3,000
N9,800
N1,400
Correct answer is D
No explanation has been provided for this answer.