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For the financial year ending 3 0 June, Sunset Ltd had a beginning balance for equity of $ 1 8 0 0 0 0 and

For the financial year ending 30 June, Sunset Ltd had a beginning balance for equity of $180000 and an ending balance of $175000. During the year the owner withdrew $120000 for private use. How much profit did Sunset Ltd earn during the year?
$5000
$115000
$125000
$60000
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