Doreen has capital of $64 500 on 1 January 2014. At 31 December 2014, the closing capital for the year was $51 000 after an additional investment by Doreen of $10 000. During the year, Doreen has also taken $7000 cash from the business for her own use and taken home materials worth $5000 that had been purchased for business use. What is the value of profit or loss for the year?