A7. Silverware Company Ltd reports the following balance sheet information for 2014: Assets Liabilities 1 January 2014 $600 000 31 December 2014 $700 000 $120 000 $140 000 Assuming the capital contribution made by the owners during 2014 was $30 000 and Drawings were $120 000, the Net Profit for 2014 must have been as follows: $120 000 (b) $140 000 $160 000 14 $170 000 (4) $180 000