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3. Lian has run a business repairing motor vehicles for some years but has not kept proper accounting records. However. the fall .000 Additional upital

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3. Lian has run a business repairing motor vehicles for some years but has not kept proper accounting records. However. the fall .000 Additional upital apening cupilal arsing captal The premises were bought some years ago and were valued $9,000 at 31 December 2019 At the same date, the motor van was valued at $4,000. The motor car was Lian's own car, which he brought into the business during the year at its original cost. Lian's weekly drawings were $120. REQUIRED: Calculate Lian's profit for the year ended 31 December 2019. (10 marks)

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