Sunshine ltd purchased a new Van costing $275,000. An old van with a book value of $225,000 was given in part exchange at a value of $187,500. The balance of the purchase price for the new car was paid in cash. You are required to assist Sunshine ltd by answering the following two sub-questions

A. Given the information provided above (Q9), what is the amount of decrease/increase in the bank (cash) account?

B. Given the information provided in Q9, please advise what the amount of profit or loss would be?