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26 calc net profit The following information applies to questions 24-26: but of The following items were obtained from the records of ABC Limited for

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26 calc net profit The following information applies to questions 24-26: but of The following items were obtained from the records of ABC Limited for the uestion Item $000's Item $000's Accounts payable 90 Accounts receivable 97 Accrued expenses 13 Accumulated depreciation 104 Cash 26 Cost of goods sold 129 Depreciation expense 10 General & admin expense 19 Interest expense 8 Inventory 89 Non-current liabilities 63 Notes payable 29 Property plant & equipment 608 Sales 320 Tax 51 Tax payable 54 Net profit for the year ended 30 June 2019 is: O a. $191,000 O b. $100,000 c. $162.000 d. $103.000

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