Question 1 Mr. Sintim runs an angling shop in Kyereboase. He spends most of his time fishing and has consequently kept no accounting records in the year ended 31 December 2018. He knows that he has taken GH6,800 cash out of his business during the year plus bait which cost the business GH250. He can also remember putting his GH20,000 winnings from Superbet Lottery into the business in March. Mr. Sintim knows that at the previous year end his business had assets valued at GH40,000 and liabilities of GH14,600. He has also calculated that the assets of the business at 31/12/18 are worth GH56,000 and the liabilities, GH18,750. Required: Determine the profit or loss for Mr. Sintims business for the year under review.