Questions 154020 refer to tho following example. Red Dawi, a specialist widgot retailer started business on 1 tarkuary 2121 . In the first, year, bie businass made the following trantactions. 1. The owners plinoed 550.000 of their own funds irlo the business bank acoount. 2. The thusiness used the bank acoount to buy shon fatures and fation whith cost 16,000. 3. The business used the bank account to buy new impensory for E10,000. 4. The business bought further inventory of 9,000 on credit. 5. The shop soid 28,000 of its inwentory for 4,000 to customers throught the shop for cas?. 6. Also, the business eold goods that cost R6.,000 to another business for E8,000 on credt 7. The business paid 89,000 in ren from the bank accoint. This covered the 18 months to 30 dune 2022 B. The builnoss caloulated depreciation on tne straight-fine method at 10 per cent per annum, 9. Although the bel had not been received, the ownem ostimated that the electicity would be f.2, 000 for the year, 10. The omners withdrew E0.000 in cash for the own une Question 17: Wrat is the net profit for the year ording 31 Deconter 2021? a. - f3,100 b. 51,600 c. E500 d E1,500