Question: Hosta Supermarket Co has the following items in its statement of financial position as at the end of Year 9: Trade receivables 62,000 Inventories 34,000

Hosta Supermarket Co has the following items in its statement of financial position as at the end of Year 9:

Trade receivables 62,000

Inventories 34,000

Motor vans 62,000

Bank 5,000

Short-term loans 15,000

Property 123,000

Trade payables 41,000

Fixtures and equipment 37,000

Long-term loan 46,000

Goodwill 50,000

Equity At the end of Year 8 the equity of the business was 230000. During Year 9, the owner withdrew cash for her personal use and introduced 12000 in cash. The business reported a profit for Year 9 of 42000. What were the owner's drawings for Year 9?

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