Bright Future Technologies Ltd started business on January with an initial capital of in cash. During the first year of operation, the owner withdrew for personal use. At the end of the year, on December the company's financial statements showed the following figures:
Equipment and vehicles:
Stock of raw materials:
Finished products at cost:
Bank overdraft:
Creditors:
Prepaid insurance:
Debtors:
Allowance for doubtful debts:
Mortgage:
Accrued utility bills:
During the year, the revenue generated from sales amounted to
Calculate the profit made by Bright Future Technologies Ltd for the year ended December
