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King Richard, who is a sole trader, made a profit of $ 2 2 , 8 6 0 in the year to 3 0 November

King Richard, who is a sole trader, made a profit of $22,860 in the year to 30 November 2005. During the year his drawings were $16,890. At 1 December 2004 the balance on his capital account was $68,920.
What is the balance on King Richards capital account at 30 November 2005?

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