Question 26Chukwu's Capital at 1/1/89 and 31/12/89 were N30,000 and N50,000 respectively. During the year he introduced additional capital of N10,500 and withdrew N5,300 for private use. What is his profit for 1989?A.N30,500B.N25,300C.N20,000D.N15,800E.14,800Objective Show full explanation