lgnore taxes and GST. At the beginning of the year on July 1, 2022, XYZ Co. had the total assets of $400,000 and the Debt to Total Assets ratio of 0.40 . During the year, new cash investment from shareholders amounted to $100,000 and dividends of $10,000 were paid. At the end of the financial year, after closing entries, the company had the total assets of $600,000 and the Debt to Total Assets ratio of 0.55 . Caculate the net profit (or loss) for the year. A) Net Profit =$240,000 B) Net profit =$30,000 C) Net Loss =$60,000 D) Cannot calculate the net profit (or loss) from the information given