West Sonoma Ltd has just finished its 2019 financial year. From the following data, calculate net profit. 

The loan was taken out a month before the end of 2019 at an interest rate of 8 per cent. No interest has yet been paid, before tax, for 2019.

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Collections from credit customers during 2019 Accounts receivable, end of 2018 Accounts receivable, end of 2019 Allowance for doubtful debts, end of 2018 Allowance for doubtful debts, end of 2019 Bad debts written off during 2019 Payments to suppliers and employees during 2019 Accounts and wages payable, end of 2018 Accounts and wages payable, end of 2019 Inventory of unsold goods, end of 2018 Inventory of unsold goods, end of 2019 Bank loan, end of 2019 $ 174 320 11 380 9 440 2 990 1 130 520 165 690 12 770 13 350 21 340 24 650 24 000