Sunday enterprises trading, profit and loss account for the year ended 31st December, 2017. ₦
Stock at 1/1/2017 30,000→Purchases 2,500→Sales 50,000→Returns inwards 500→Returns outwards 1000→Stock at 31/12/2017 4,500→ Wages and salaries 250.The net profit amount is

• A.₦49,000
• B.₦47,000
• C.₦26,750
• D.₦24,000
• E.₦22,500.