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Ash Co has the following assets and liabilities at the year end: Trade payables 16,000 Cash at bank 23,000 Equipment 63,000 Long-term loan 50,000 Inventories

Ash Co has the following assets and liabilities at the year end:

Trade payables 16,000
Cash at bank 23,000
Equipment 63,000
Long-term loan 50,000
Inventories 40,000
Bank overdraft 15,000
Property 75,000
Trade receivables 21,000
Fixtures and fittings 13,000
Motor vans 18,000

During the year, the business made a profit of

62,000

and the owner injected

65,000

into the business. The owner's equity at the beginning of the year was

120,000.

How much did the owner withdraw during the year?

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