10. The following lists all assets and liabilities of Literally Financial Limited at the dates indicated. Assuming there were no shares issued, no dividends paid and no assets revalued during the year ended 30th June 2017, how much profit was made in that year? Cash Inventory Equipment Accounts payable Accrued Expenses Prepaid Rent 30/6/16 $ 25,000 $ 30,000 $160,000 $ 25,000 $ 35,000 $ 15,000 30/6/17 $50,000 $45,000 $160,000 $35,000 $25,000 $20,000