Paul does not keep any accounting records. The following information is available for the year ended 30 September 20x8:

$

Net assets at 1 October 20x7

420,000

Drawings during financial year

96,000

Capital introduced during financial year

200,000

Net assets at 30 September 20x8

800,000

What was Pauls profit for the year ended 30 September 20x8?

Group of answer choices

$676,000

$380,000

$484,000

$276,000

$84,000