Jill commenced business on 1 January Year 9 with equity in cash of 12000. During the year ending on 31 December Year 9 she paid 12250 for furniture, 92600 for purchasing goods for sale and 31,200 for various expenses (excluding depreciation). She received 139200 from the sale of goods. By the year end Jill had sold out of all but of goods purchased during the year and she wishes to write off the cost of furniture over 10 years using the straight line method. The estimated residual value of the furniture is 400. What is Jill's profit for the year