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The assets of Quinn's business increased by $40 000 and the liabilities increased by S5000 during the current year. If the profit for this period

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The assets of Quinn's business increased by $40 000 and the liabilities increased by S5000 during the current year. If the profit for this period was 525 000, what additional contribution or withdrawal was made by the owner? (Assume only a withdrawal or a contribution was made). Select one: a. Drawings $10 000 b. Contribution $10 OOO c. Contribution S5 000 e d. Drawings 55 000

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