A companys income statement for the year ended 31 December 20X5 showed a net profit of $83,600. It was later

found that $18,000 paid for the purchase of a motor van had been debited to the motor expenses account. It is the

companys policy to depreciate motor vans at 25% per year on the straight line basis, with a full years charge in the

year of acquisition.

What would the net profit be after adjusting for this error?

A $106,100

B $70,100

C $97,100

D $101,600