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Computers and furniture 61,000; inventory of raw materials 17,500; finished goods, at cost 8,400; bank overdraft 12,600; trade payables 6,500; prepayments 2,500; trade receivables 5,500;

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Computers and furniture 61,000; inventory of raw materials 17,500; finished goods, at cost 8,400; bank overdraft 12,600; trade payables 6,500; prepayments 2,500; trade receivables 5,500; the provision for bad debts 3,000; bank loan 40,000; interest payable 1,500; accrued expenses 3,600 What is the profit of the business in the year ended 31 December 2022? Select one answer: 88,700 66,700 52,700 41,700 Hendry Lid opened his new business on 1 January 2022 . On that date, the only asset was a bank balance of E11,000. During from the business totalled 36,000. On 31 December 2022, the assets and liabilities of the business were as follows: Computers and furniture 61,000; inventory of raw materials 17,500; finished goods, at cost 8,400; bank overdraft 12,600; trade payables 6,500; prepayments 2,500; trade receivables 5,500; the provision for bad debts 3,000; bank loan 40,000; interest payable 1,500; accrued expenses 3,600 What is the profit of the business in the year ended 31 December 2022? Select one answer: 88,700 66,700

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