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If the total debits on the expenses is $40,000 and the total credits are $70,000 and the owner made a drawing $5,000 during the year,

If the total debits on the expenses is $40,000 and the total credits are $70,000 and the owner made a drawing

$5,000 during the year, what is the profit for the year?

a. $30,000

b. 540,000

c. None of the above

d. $25,000

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