MPHATHI STEEL, a small$-$scale welding and fabrication company specialising in custom metalworks and industrial repairs, operated successfully for several years. The business was structured as a partnership between three skilled tradespeople: Ndlebe, Sipho, and Thabo.

However, due to changing market conditions, increased competition, and internal disagreements, the partners decided to dissolve the partnership and liquidate the company. As part of this process, the partners agreed to a simultaneous liquidation.

MPHATHI STEEL had the following balances when they commenced a simultaneous liquidation of the partnership:

R

Trade payables R$240,600$

Trade receivables R$183,500$

Machinery $($cost$)$ R$650,000$

Machinery $($accumulated depreciation$)$ R$254,000$

Warehouse building R$360,000$

As part of the liquidation process of MPHATHI STEEL, several financial transactions took place to wind up the partnership's affairs. The company needed to settle its debts, sell off assets, and distribute any remaining funds among the partners. The following key transactions occurred during the liquidation:

$1.$ MPHATHI STEEL primary fixed assets included specialised steel machinery and a warehouse building. These were sold as part of the liquidation to generate funds. The machinery and the building was sold for R$485000$ and R$320000$ respectively.

$2.$ The company had outstanding invoices from clients for completed welding and fabrication projects. Fortunately, $95\%$ of debtors settled their accounts in full.

$3.$ Upon the settlement of MPHATHI STEEL outstanding debts, the creditors agreed to grant a settlement discount of $15\%.$ This discount helped the partners preserve some of the companys remaining assets for distribution among themselves.

Correct balance which represents the correct profit or $($loss$)$ made on the simultaneous liquidation of MPHATHI STEEL?

Instructions:

$1.$ Round off to the nearest Rand $($eg: $50\mathrm{.}56$ is $51)$

$2.$ Only show the amount, do not show the R $($eg: $12000)$

$2.$ A negative amount must have a $"-",$ e$.$g$.-12000,$ and a positive amount, e$.$g$.12000.$

Answer: