Stephanie Duke is a wholesaler whose accounting records are chaotic. You ascertain the following information: (i) She

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Stephanie Duke is a wholesaler whose accounting records are chaotic. You ascertain the following information:

(i) She draws \(£ 2,000\) a month from the business for her living expenses.

(ii) In June 2024 her grandfather died and left her \(£ 5,500\) in his will. Stephanie put the entire amount into her business.


(iii) The assets and liabilities of her business were as follows:

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Calculate the net profit for 2024 made by Stephanie.

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