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For the year ended 31 December 2018, Sim's net assets increased by $1210. The following transactions took place during 2018. 1 Payments out of Sim's

For the year ended 31 December 2018, Sim's net assets increased by $1210. The following transactions took place during 2018.

1 Payments out of Sim's personal bank account: rent for business office $3600, rent for personal residence $2000.

2 Drawing of goods: with a cost $6200 and sales value $7700.

3 Drawing of cash: $9750.

What was the profit for the year ended 31 December 2018?

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