Pottery Galore Ltd has just finished its 2016 financial year. From the following data, calculate net profit.

The loan was taken out a month before the end of 2016 at an interest rate of 8 percent. No interest has yet been paid, before tax, for 2016.

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Collections from credit customers during 2016 Accounts receivable, end of 2015 174320 11380 Accounts receivable, end of 2016 9440 Allowance for doubtful debts, end of 2015 890 Allowance for doubtful debts, end of 2016 1130 Bad debts written off during 2016 520 Payments to suppliers and employees during 2016 165690 Accounts and wages payable, end of 2015 12770 Accounts and wages payable, end of 2016 15510 Inventory of unsold goods, end of 2015 21 340 Inventory of unsold goods, end of 2016 Bank loan, end of 2016 24650 12000