Calculate the net profit for the year ended 31 December 2016 from the following information: 31/12/2015 31/12/2016 Property 200,000 200,000 Equipment 60,000 90,000 receivables 40,000 80,000 Cash 10,000 15,000 Overdraft 60,000 90,000 Trade payables 50,000 30,000 Drawings during the year were 45,000 and additional capital introduced during the year was 50,000