Year ended Dec 31 2015

Accountant questioned based on GAAP accordance because bookeeper made the follwoing recordings

Profit for the year including the entries below is $200,000

a) Company manager took a personal vacation to Tahiti which cost $3,000. The bookeeper recorded the entry as

Travel Expense 3000

Accounts Payable 3000

b) Company purchased pend for $20 on Dec 31 and made the entry

Office Equipment 20

Accounts Payable 20

c) Merchandise inventory which cost $14,000 has current net replacement value of $22,000 with the following entry

Merchandise inventory 8,000

Gain on fair value adjustment 8,000

d) Equipment with fair market value of $15,000 was acquired with cash for $10,000 with the following entry

Equipment 15000

Cash 10000

Gain on fair value adjustments 5000

e) Account receiveable for 17,000 was uncolletable and entry was made

Bad Debts Expense 17,000

Accounts Receiveable 17,000

What is the correct profit for 2015?